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

30 Jun 2021 CW Team

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

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..