Indiabulls Housing Finance has raised Rs 43 crore through an issue of non-convertible debentures (NCDs). This is the sixteenth tranche of NCDs of having a face value of Rs 10 lakh each. The tenor of the NCDs will be 1,179 days and date of maturity will be June 29, 2020.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company has reported 23.79% rise in its net profit at Rs 753.10 crore for the quarter under review as compared to Rs 608.35 crore for the same quarter in the previous year.