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Indiabulls Housing Finance Ltd.

BSE: 535789 Sector: Financials
BSE 00:00 | 24 Apr Indiabulls Housing Finance Ltd
NSE 05:30 | 01 Jan Indiabulls Housing Finance Ltd

Intimation Under The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requ

April 24, 2020, 7:03 pm | Source: BSE

This is to inform you that the Company proposes to issue 10000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to Rs. 1000 Crores on Private Placement basis pursuant to special resolution passed by the shareholders of the Company at the 14th Annual General Meeting held on August 28 2019 on the terms and conditions as mentioned below:

1. Base Issue Size: Rs. 100 Crores
2. Greenshoe Option: Rs. 900 Crores
3. Mode of Issue: Private Placement
4. Issue Opening Date: 29th April 2020
5. Listing: National Stock Exchange of India Limited and BSE Limited
6. Tenor: 3 years
7. Secured / Unsecured: Secured
8. Rating of the Instrument: CRISIL AA by CRISIL and BWR AA+ by Brickwork Ratings