According to the sources, Indiabulls Housing Finance Limited (IBHFL) has been able to raise Rs.600 crore by issuing debentures. These debentures are on a private placement basis and are redeemable, secured and non-convertible.
Indiabulls has a plan of raising funds worth a total of Rs.6000 crore and the recent fund raising is just one part of it.
These redeemable and non-convertible debentures raised recently had a face value of Rs.10 lakh each, giving a total value of Rs.600 crore.
About Indiabulls Housing Finance Limited
Being the housing finance arm of The Indiabulls Group which covers real estate and wealth management, Indiabulls Housing Finance Limited (IBHFL) is the second largest Housing Finance Company (HFC). It is being regulated by the NHB (National Housing Bank).
Everybody dreams of having a house which they can call their own. At IBHFL, they make efforts to let people fulfill their dream. They can proudly flaunt their workforce of more than 5500 employees. They give the first priority to the customers and sales with almost half of the workforce focusing on the same.
They also strive towards keeping everybody’s interest – be it investors, employees, bankers or shareholders – protected. IBHFL believes in staying in honest towards its goals, ethics and values.