Indiabulls Housing Finance on Friday said it has raised Rs840 crore by issuing bonds on private placement basis.
“The company has today…allotted its fourth tranche of secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 840 crore,” it said in a regulatory filing.
Indiabulls Housing said it was the fourth tranche of company’s Rs24,000 crore fund mop-up plan to fuel business expansion. Shares of the company closed 0.33% down at Rs1194.75 apiece on BSE.
Source: Mint