Indiabulls Housing Finance today said it will raise Rs 510 crore by issuing non-convertible debentures through private placement.
The issue will open on March 23 and close on the same day, the company said in a BSE filing.
Under the plan, the company will issue 5,100 secured non-convertible redeemable debentures with an face value of Rs 10 lakh each... aggregating to Rs 510 crore, on private placement basis, pursuant to special resolution passed by shareholders of the company held on September 7, 2015,” it said.
The tenor of the issue varies from 719 days to 1,083 days, bearing coupon rate in the range of 9.4935 per cent to up to 9.4953 per cent.
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