Indiabulls Housing Finance gets board approval to raise Rs 7,000 cr
Real Estate

Indiabulls Housing Finance gets board approval to raise Rs 7,000 cr

Indiabulls Housing Finance has announced that its board approved an offer to raise over Rs 7,000 cr through different means.

It includes Rs 2,043.43 cr by issuing equity shares or other instruments. The fund mop-up plan of the company is subject to shareholders permission in the coming annual general meeting (AGM) in late July.

The board has allowed the issuance of redeemable non-convertible debentures, unsecured, with or without warrants in Indian rupees in one or more tranches for a total amount up to Rs 5,000 cr based on the private placement or otherwise.

Around Rs 2,043.43 cr has to be raised by private/public offerings of equity shares, compulsorily foreign currency convertible bonds (FCCBs), convertible debentures, with other means in foreign currency, in one or more tranches.

FCCBs are debt instruments issued in a foreign currency, including an option to the shareholders to turn the bond into stock.

The stock of Indiabulls Housing Finance ended 1.55% up at Rs 264 each on BSE.

Image Source


Also read: Indiabulls, HDFC join hands to offer home loans at competitive rates

Also read: Promoters sell stake in Indiabulls ahead of merger

Indiabulls Housing Finance has announced that its board approved an offer to raise over Rs 7,000 cr through different means. It includes Rs 2,043.43 cr by issuing equity shares or other instruments. The fund mop-up plan of the company is subject to shareholders permission in the coming annual general meeting (AGM) in late July. The board has allowed the issuance of redeemable non-convertible debentures, unsecured, with or without warrants in Indian rupees in one or more tranches for a total amount up to Rs 5,000 cr based on the private placement or otherwise. Around Rs 2,043.43 cr has to be raised by private/public offerings of equity shares, compulsorily foreign currency convertible bonds (FCCBs), convertible debentures, with other means in foreign currency, in one or more tranches. FCCBs are debt instruments issued in a foreign currency, including an option to the shareholders to turn the bond into stock. The stock of Indiabulls Housing Finance ended 1.55% up at Rs 264 each on BSE. Image Source Also read: Indiabulls, HDFC join hands to offer home loans at competitive rates Also read: Promoters sell stake in Indiabulls ahead of merger

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?