Business Update31 May 2024, 05:30 pm
Indiabulls Housing Finance Ltd Approves Allotment of 15,30,853 NCDs Worth INR 3,153.08 Crores
AI Summary
Indiabulls Housing Finance Ltd announced the allotment of 15,30,853 secured, redeemable, non-convertible debentures (NCDs) for cash at par, amounting to INR 3,153.08 crores on a public issue basis. The allotment was approved by the Securities Issuance and Investment Committee of the Board of Directors on May 31, 2024, adhering to the SEBI Listing Regulations.
Key Highlights
- Allotment of 15,30,853 NCDs worth INR 3,153.08 crores.
- NCDs allotted for cash at par on a public issue basis.
- Allotment approved by Securities Issuance and Investment Committee of the Board of Directors.
- Compliance with SEBI Listing Regulations Regulation 30 and Regulation 51.
- Allotment is within the shelf limit of INR 32,000 crores.