Indiabulls Housing Finance Ltd raises Rs. 200 crores through NCDs

Indiabulls Housing Finance Ltd has today, June 12, 2020, allotted 2,000 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating to Rs. 200 Crores, on a private placement basis. These NCDs have been subscribed by two large Indian public sector banks.

The Coupon Rate is 9.00% p.a. (Payable Annually) and the NCDs are proposed to be listed on National Stock Exchange of India Limited and BSE Limited.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.153.7 as compared to the previous close of Rs. 153.05. The total number of shares traded during the day was 4743056 in over 31111 trades.

The stock hit an intraday high of Rs. 155.6 and intraday low of 141. The net turnover during the day was Rs. 712353594.

Source : Equity Bulls

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