Indiabulls Housing Finance Ltd allots NCDs aggregating Rs. 1500 crores

Indiabulls Housing Finance Ltd had approved proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakhs each ('NCDs') aggregating Rs. 6000 Crores, on a private placement basis.

In terms of the Board authorization dated October 21, 2016, the Company has today, April 20, 2017, allotted its eighteenth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating to Rs.1500 Crores.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.978.85 as compared to the previous close of Rs. 956.75. The total number of shares traded during the day was 45018 in over 1484 trades.

The stock hit an intraday high of Rs. 983 and intraday low of 957.4. The net turnover during the day was Rs. 43729986.

Source : Equity Bulls

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