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Indiabulls Housing Finance raises Rs 1000 crore via NCDs

Indiabulls Housing Finance has raised funds aggregating to Rs 1000 crore via private placement. The Board of Directors of the company at their meeting held on November 22, 2018 has allotted 10,000 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 1,000 crore. These NCDs are proposed to be listed on National Stock Exchange (NSE) of India and Bombay Stock Exchange (BSE).

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

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