Indiabulls Housing Finance raises $165 mn by selling convertible bonds

21 Sep 2021 CW Team

Indiabulls Housing Finance raised $165 million from overseas investors by selling five-year convertible bonds.

The proceeds will most likely be used for further lending when the home financier returns home. The debt papers most likely offered a 4.5% interest rate.

The bonds are expected to be listed on the Singapore Stock Exchange as high-yield securities with a credit rating below investment grade.

On 21st September 2021, a meeting of the Securities Issuance Committee of the Company's board of directors will be held to consider and approve, among other things, the issue price and other terms of the FCCBs, on Thursday the company said in a separate exchange filing.

By the end of this fiscal year, Indiabulls Housing Finance aims to disburse Rs 2,000 crore in home loans per month. It currently disburses approximately Rs 800 crore per month.

Co-lending partnerships have also been a priority for the company. Punjab & Sind Bank (PSB), a state-owned bank, recently announced a strategic co-lending alliance for MSME and priority sector home loans with Indiabulls Commercial Credit and Indiabulls Housing Finance (IHFL).

Housing Development Corporation of India (HDFC Ltd) and Indiabulls Housing had formed a similar alliance at the start of the fiscal year.

Earlier this month, the housing finance company began selling local bonds in a public offering. It is still open for subscription, with the borrower currently receiving about Rs 591 crore.

During the April-June quarter, Indiabulls Housing Finance's consolidated net profit increased by 3.2% to Rs 282 crore.

Image Source

Also read: Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..