Indiabulls Housing Finance Ltd approves allotment of 17th tranche of Secured, Redeemable, Non-Convertible Debentures

Indiabulls Housing Finance Ltd had earlier announced its proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakhs each ('NCDs') aggregating Rs. 6000 Crores, on a private placement basis.

As per the Board authorization dated October 21, 2016, the Company has today, April 18, 2017, allotted its seventeenth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating to Rs.25 Crores.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.960.45 as compared to the previous close of Rs. 975.85. The total number of shares traded during the day was 70484 in over 1813 trades.

The stock hit an intraday high of Rs. 987.8 and intraday low of 955. The net turnover during the day was Rs. 68719200.

Source : Equity Bulls

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