Indiabulls Housing Finance to raise over Rs 7,000 crore:


Indiabulls Housing Finance said its board has approved a proposal to raise over Rs 7,000 crore through various means.

This includes USD 275 million (Rs 2,043.43 crore) by issuing equity shares or other instruments.

The company’s fund mop-up plan is subject to shareholders’ approval in the upcoming annual general meeting (AGM) to be held in late July.

Indiabulls Housing Finance was quoting at Rs 263.70, down Rs 0.30, or 0.11 percent on the BSE.

News Source:-Moneycontrol

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