Indiabulls Housing Finance Limited has issued an offer to all Debenture holder(s) for pre-mature redemption of its NCDs maturing in November and December 2019 at par. The Company will also evaluate further pre-mature redemption of its NCDs from time to time.
IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of its total assets as on 10.10.2019. The Company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBH's debt repayments till September 2020.
The rating agency CRISIL and ICRA have re-affirmed the long-term rating of the company at CRISIL AA+ (Outlook: Negative) / ICRA AA+ (Outlook: Negative) on 16th October 2019 and 11th October 2019 respectively after removing the long-term rating from watch with developing implications post RBI not approving the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank.
Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.197.15 as compared to the previous close of Rs. 172.9. The total number of shares traded during the day was 7796400 in over 62947 trades.
The stock hit an intraday high of Rs. 204 and intraday low of 165.95. The net turnover during the day was Rs. 1447127653.