New Delhi: Indiabulls Housing Finance on Thursday said it has raised over Rs 7,000 crore since July 1 through issuance of non-convertible debentures (NCDs).
"The company has allotted secured, redeemable, non-convertible debentures, for an amount aggregating to Rs 7,030 crore on a private placement basis, from July 1, 2016 till date," Indiabulls Housing Finance said in a regulatory filing.
Last week, Indiabulls Housing Finance said it proposes to raise over Rs 1,600 crore from non-convertible debentures (NCDs) to fund business expansion.
The company proposes to issue up to 16,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to up to Rs 1,600 crore plus green-shoe option on private placement basis.
Shares of Indiabulls Housing Finance were trading 0.84 per cent higher Rs 814.65 on BSE in the morning trade.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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