Indiabulls Housing Finance to raise Rs 1,000 crore

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Indiabulls Housing Finance to raise Rs 1,000 crore

The show opens on December 9 and ends on December 20, the company said.

Representative image.  Credit: iStock photo

Indiabulls Housing Finance announced on Saturday that it would increase to Rs 1,000 crore with a public bond issue that will open next week.

The base size of the bond issue, in the form of non-convertible redeemable bonds (NCDs), is Rs 200 crore with an option to retain an oversubscription up to Rs 800 crore, totaling up to Rs 1,000 crore, said Indiabulls Housing Finance. in a regulatory file.

The show opens on December 9 and ends on December 20, the company said. The bonds are rated AA / stable by Crisil and BWR.

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