Indiabulls Housing Finance Plans to Raise Rs 4,000 Crore via Share Sale

Hong Kong: Housing finance lender Indiabulls Housing Finance Ltd plans to raise up to Rs 4,000 crore or  $600 million in a share offering, tapping equity markets after investors sent its stock price up by over half since the beginning of the year. Indiabulls' set an indicative price of Rs 702 per share for the deal, equivalent to a discount of 2.7 per cent to the closing price on Tuesday, according to a term sheet of the deal seen b...