Indiabulls Housing Finance said its board has approved an offer to raise over Rs. 7,000 crore via numerous way.
This includes USD 275 million (Rs. 2,043.Forty three crore) by issuing equity shares or other devices.
The employer’s fund mop-up plan is challenge to shareholders’ approval in the upcoming annual standard meeting (AGM) to be held in late July.
The board has authorised issuance of unsecured, redeemable non-convertible debentures, with or without warrants in Indian rupees in one or greater tranches for an combination amount as much as Rs five,000 crore on private placement basis or otherwise.
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