Indiabulls Housing Finance

Indiabulls Housing Finance's Rs 900-crore NCD issue opens on Friday

Indiabulls Housing Finance on Thursday announced a Rs 900-crore debt sale through a public issue of secured, redeemable, non-convertible debentures. The base size of the issue is only Rs 100 crore with a greenshoe option for an additional Rs 800 crore. The public issue opens on Friday and closes March 17, the company said in a statement. The company is offering coupon rates ranging from 8.88 per cent to 10.15 per cent per annum and post-close, the issue will be listed on BSE and NSE. The NCDs have tenures of 24 months (series I, II & III), 36 months (series IV, V & VI), and 60 months (series VII & VIII). The company is also offering an additional incentive 0.25 per cent per annum to category III and IV investors, who are also primary holders on the deemed date of allotment, the company said. At least 75 per cent of the net proceeds of the issue will be utilised for onward lending, financing, and for repayment of interest and principal of existing borrowings and the balance

Exchanges reclassify Sameer Gehlaut's stake as 'public'; stock falls 5%

With the re-classification, the promoter shareholding in the company has been reduced to nil from 9.6 per cent

Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

Indiabulls Housing Finance opens public issue of bonds to raise Rs 800 cr

Indiabulls Housing Finance on Friday opened the public issue of bonds to raise debt capital of up to Rs 800 crore. The public issue of secured, redeemable, non-convertible debentures of face value of Rs 1,000 each, is the tranche III for the non-banking finance company, which closes on October 28, 2022. In a statement, the company said the base issue size is of Rs 100 crore with option to retain over subscription up to Rs 700 crore. The bonds carry coupon rates ranging from 8.33-9.55 per cent per annum, it said, adding that the tenure is of 24 months and 36 months belonging to various series. The NCDs are proposed to be listed on BSE and NSE. The bonds have been rated CRISIL AA/Stable by CRISIL Ratings and [ICRA]AA (Stable) by ICRA. "Net proceeds of the tranche III issue, after meeting the expenditures of and related to the tranche III Issue, at least 75 per cent shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existin

IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting

MPC has increased the repo rate by 140 bps cumulatively since May in an effort to rein in inflation

ICICI Bank, Bank of India, Indiabulls hike rates ahead of MPC meeting

The revised rates for new borrowers range between 7.80 per cent and 8.30 per cent, depending on credit and loan amount

After a lull, NBFCs looking to step up funding for real estate sector

The strong demand in real estate -- residential, commercial, and logistics -- is giving confidence to the likes of JM Finance, Piramal, LIC Housing, and Indiabulls Housing Finance

Indiabulls Housing Finance Q4 net up 11.23% to Rs 307 cr, FY22 net dips

Income from operations fell to Rs 2,189 cr in Q4FY22 from Rs 2,372 cr in Q4FY21. Amount set aside for impairment on financial instruments declined to Rs 92 cr from Rs 316 cr

Moody's affirms Indiabulls HFC's B3 rating; upgrades outlook to 'stable'

The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality

Bombay HC allows Indiabulls Housing Finance appeal to quash FI

'We believe that the lodgment of the complaint against the petitioners and continuity of the proceedings, is an abuse of process of law', the high court said in its judgement

Indiabulls Housing Finance to raise Rs 50,000-cr growth capital in FY23

The board has passed an enabling provision allowing the company to raise up to Rs 50,000 crore

Indiabulls board approves fundraising plan of up to Rs 50,000 cr

Funds can be raised via NCDs on one or more tranches as private placement

Indiabulls Hsg Fin allots over 3 mn shares at Rs 234 apiece to FCCB holders

On September 28, 2021, upon conversion of FCCBs, it had allotted bonds for an aggregate $165,000,000 (4.50 per cent)

Sebi asks Indiabulls to address issues where it was found non-compliant

Regulator says it has not found any wrongdoing on company's part with respect to the specific allegations made against it in various PILs and complaints

Enforcement Directorate raids Indiabulls Finance offices in Mumbai, Delhi

In a statement to the exchanges, Indiabulls Housing Finance said ED had sought certain clarifications regarding the FIR

Indiabulls Housing Finance Q3 net down 7.9% YoY to Rs 303 cr

Sequentially, however, consolidated net profit rose by 5.94% from Rs 286 crore in Q2FY22

The strategy is to be asset-light: Indiabulls HF's V-C & MD Gagan Banga

It is not to grow the balance sheet but to grow AUM, says Gagan Banga

Gehlaut offloads 11.9% stake in Indiabulls HFC; to resign by March-end

Gehlaut will continue as chief executive officer (CEO) of Dhani Services, a company that was demerged from IHFL

Stocks to Watch: Maruti, Axis Bank, JSW Steel, NMDC, Rel Capital, FMCGs

Maruti expects December production at its Gujarat and Haryana plant to be impacted by the ongoing semiconductor shortage

Sensex vaults 767pts, Nifty ends above 18,100; IT, financial stocks shine

In the primary market, Latent View Analytics IPO witnessed frenzied demand, and was subscribed over 305 times with strong demand from non-institutional investors