Latest News | Indiabulls Housing Finance Raises Rs 200 Cr from 2 Public Lenders

New Delhi, Jun 12 (PTI) Indiabulls Housing Finance Limited on Friday said it has raised Rs 200 crore by issuing securities to two large public sector banks on private placement basis.

"The company has today, June 12, 2020, allotted 2,000 secured, redeemable, non-convertible debentures of face value Rs 10 lakh  each (NCDs) aggregating to Rs 200 crore, on a private placement basis," it said in a regulatory filing.

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These NCDs have been subscribed by two large Indian public sector banks, it said, without naming the banks.

The NCDs with 546 days maturity carry coupon of 9 per cent per annum payable annually.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)