Page 2 - Indiabulls Housing Finance

Indiabulls Housing Fin raises Rs 800 crore through bond issue

Indiabulls Housing Finance's shares on Friday fell 1.76 per cent to close at Rs 225.70 apiece on the BSE.

Indiabulls Housing gets CCI approval to divest mutual fund biz to Groww

Indiabulls Housing Finance (IBHFL) has received the CCI approval to divest its mutual fund business to Groww for Rs 175 crore

Indiabulls Housing Finance books Rs 500 crore of co-lending business

At the start of FY22, the mortgage lender tweaked the business model to incrementally focus on the co-lending space by sharing risks and loan book with other banks or housing finance companies

Indiabulls Housing Finance to launch Rs 1,000-cr public issue of bonds

The issue is to be launched next week

Indiabulls Housing Fin posts 3.3% rise in Q1 net profit to Rs 282 cr

Mortgage financier Indiabulls Housing Finance on Thursday reported a marginal 3.3 per cent growth in its profit after tax at Rs 282 crore for the first quarter ended June 30, helped by a lower cost of funds. The lender had reported a profit after tax of Rs 273 crore in the year-ago quarter. Despite loan book coming down, our profitability has remained same, which tells that the company has increased its spread as the cost of funding has come down, its deputy managing director Ashwini Kumar Hooda said. The lender, in a release, said quarterly earnings have grown for the first time since the September 2018 IL&FS default and the ensuing NBFC liquidity crisis. The cost of funds has come down by 20 basis points to 8.4 per cent as of June 30, 2021, from 8.6 per cent, Hooda said. The spread on the book stood at 2.6 per cent. The net interest income improved to Rs 765 crore from Rs 731 crore in the year-ago period. The company said its collection efficiency has normalised in June and Ju

Stuck with Vodafone, SpiceJet? Trading strategies for top losers of 2021

Among individual stocks, a total of 140 of the BSE500 stocks have given negative return so far in CY2021

IL&FS case complexities reveal what India's resolution mechanism is lacking

A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic

Stocks to watch: Heranba Industries, Wipro, IB Housing Fin, Jet Airways

Indiabulls Housing Finance has raised $150 million by issuing foreign currency convertible bonds, the company said

Indiabulls Housing Finance plans to raise Rs 5,000 crore this quarter

Mortgage lender Indiabulls Housing Finance is looking to raise Rs 5,000 crore through the securitisation route in fourth quarter of the current financial year, according to a senior company official.

Sensex ends 549 pts down at 49,035; HCL Tech declines 4%; Tata Motors up 7%

Stock market updates: India VIX ticked up 5 per cent

Stocks to watch: HCL Tech, Bharti Airtel, PVR, SAIL, IB Housing, SBI, HFCL

Voting on DHFL bids by committee of creditors ends today

Indiabulls Housing Finance in talks with PEs to sell 15-20% stake

Investor to become single-largest shareholder; Sameer Gehlaut likely to step down as promoter

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Based on an exchange's surveillance report, the regulator is examining trading in the scrip between 2018 and 2019

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's

The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.

Indiabulls Housing Finance appoints ex-BoI CEO as independent director

The board of Indiabulls Housing Finance has approved the appointment of Dinabandhu Mohapatra as an Independent Director (Additional Director), on the Board of Directors of the Company

Indiabulls Housing Finance's Q2 net profit declines 54% to Rs 323 crore

Its total income fell to Rs 2,233.07 crore, from Rs 2,988.07 crore a year ago

Bull run continues; Sensex up 316 pts to end at 43,594, Nifty nears 12,750

All that happened in the markets today.

Indiabulls Housing Finance sells more stake in OakNorth for Rs 220 crore

The mortgage lender has said the proceeds will be used to bolster the capital adequacy ratio of the lender.

Indiabulls housing fin sells some more stake in OakNorth Bank for Rs 441 cr

The proceeds will be used to bolster the capital adequacy ratio of the lender

Indiabulls Housing sells stake in UK-based OakNorth Bank for Rs 630 cr

Earlier this month, the mortgage lender sold a part of its stake in the UK-based lender to HighSage Ventures, a Boston-based investment firm, for Rs 440 crore