Indiabulls Housing Finance on Saturday announced that it will raise up to ₹1,000 crore through a public issue of bonds that opens next week. The issue is set to on December 9 and closes on December 20, the company informed. The bonds are rated AA/stable by Crisil and BWR.
The base issue size of the bonds, in the nature of secured redeemable non-convertible debentures (NCDs), is of ₹200 crore with an option to retain oversubscription up to ₹800 crore, aggregating up to ₹1,000 crore, Indiabulls Housing Finance said in a regulatory filing.
The company is on track to disburse the retail loans through co-lending with a total of seven co-lending partners – HDFC Ltd., Central Bank of India, Yes Bank, RBL Bank, Canara Bank, Punjab &Sind Bank, and Indian Bank.
Last month, Indiabulls Real Estate Ltd (IBREL) announced the appointment of Kulumani Gopalratnam Krishnamurthy as its non-executive chairman with effect from February 1, 2022.
Former Managing Director & CEO of HDFC Property Ventures, Krishnamurthy has been appointed as an independent director with an immediate effect.
(With PTI inputs)
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