Subsequent to the approval accorded by the board of directors of Indiabulls Housing Finance Ltd (the 'Board'), at its meeting held on July 3, 2020 and the special resolution passed by the shareholders of the Company on July 29, 2020, the Securities Issuance Committee ('Committee') has, at its meeting held today i.e. February 22, 2021, has approved the floor price for the Issue, approved and adopted the preliminary offering circular dated February 22, 2021, in connection with the Issue and authorised the opening of the Issue today, i.e. February 22, 2021.
The 'Relevant Date' for the purpose of the Issue, in terms of Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended ("FCCBs Guidelines") is February 22, 2021 and accordingly the floor price in respect of the aforesaid Issue, determined based on FCCBs Guidelines is Rs. 227.09 per FCCB.
The company will raise funds aggregating up to USD 200 million through the above foreign currency convertible bonds ("FCCBs").
Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.220 as compared to the previous close of Rs. 228.9. The total number of shares traded during the day was 968198 in over 7435 trades.
The stock hit an intraday high of Rs. 231.7 and intraday low of 217.55. The net turnover during the day was Rs. 217593488.