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Indiabulls Housing Finance Ltd updates on loan to Rana Kapoor

Posted On: 2020-03-19 19:10:01

As per letter dated 18th March, 2020 Mr. Sameer Gehlaut has informed that he is currently in UK and happy to visit their offices for any information regarding loan to Rana Kapoor on 40 Amrita Shergill property as soon as the ban of flights from UK to India is lifted by Govt of India. In the meantime company has already submitted all information and records for the loan.

Indiabulls Housing has no loans outstanding from Yes bank.

Rana Kapoor and family bought the 40 Amrita Shergill property in September 2017 and registree of the property happened on 15th September 2017. They mortgaged the property to Indiabulls Housing in November 2017 and Indiabulls Housing gave a loan of Rs. 285 crores on the property. Additionally, Indiabulls Housing took Personal Guarantee of Rana Kapoor and family whose networth at the time of taking the loan was over Rs.7,000 crores as per their holdings in Yes bank.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.90.25 as compared to the previous close of Rs. 136.75. The total number of shares traded during the day was 4983051 in over 54215 trades.

The stock hit an intraday high of Rs. 128 and intraday low of 82.5. The net turnover during the day was Rs. 531621169.


Source: Equity Bulls

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