Indiabulls Housing Finance Ltd on Monday said it has raised ₹1,030 crore by issuing bonds on a private placement basis.
The company on May 18 allotted 10,300 secured, redeemable, non-convertible debentures of face value ₹10 lakh each, aggregating to ₹1,030 crore, on a private placement basis, the company said in a regulatory filing.
The coupon rate on the bonds with three years tenor is 9.10 % per annum (payable annually).
Shares of Indiabulls Housing Finance closed 10.87% down at Rs 118.85 on BSE.
