Indiabulls Housing Finance Ltd to issue NCDs aggregating Rs. 24000 crores

Indiabulls Housing Finance Ltd's proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakhs each ('NCDs') aggregating Rs. 24,000 Crores, on a private placement basis.

In terms of the Board authorization dated October 23, 2017, the Company has today, December 22, 2017, allotted its first tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating to Rs.250 Crores.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.1194.45 as compared to the previous close of Rs. 1190. The total number of shares traded during the day was 15760 in over 433 trades.

The stock hit an intraday high of Rs. 1201.5 and intraday low of 1190. The net turnover during the day was Rs. 18849226.

Source : Equity Bulls

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