indiabulls housing share price - Daily News Capsule

Indiabulls Housing Finance has raised ₹150 million ( ₹1,091 crores) by issuing foreign currency convertible bonds, the company said on Thursday. The securities issuance committee has approved the allotment of secured Foreign Currency Convertible Bonds (FCCBs) of USD 150 million, convertible into equity share of Rs 2 each, Indiabulls Housing Finance said in a regulatory filing. The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5%. The bonds are proposed to be listed on Singapore Exchange Securities Trading Ltd. Indiabulls said as many as 4,49,91,756 equity shares of the company would be in the trade-off with the FCCBs. This is Indiabulls Housing's debut convertible bond issuance. Besides, it is also the first FCCB by a financial institution from India in the l...

The mortgage lender is trying to raise Rs 5,000 crore by way of the securitization route in the fourth quarter of the current monetary year, in accordance with a senior firm official. In the three months ended December 31, 2020, it had raised around Rs 2,000 crore through the route. "Our securitization pipeline is strong. We should be able to raise almost Rs 3,000 crore from the wholesale book and another Rs 2,000 crore from the retail in this (Q4 FY21) quarter," the company's Deputy Managing Director Ashwini Kumar Hooda told PTI. He said already securitisation transactions worth Rs 2,000 crore have been done so far in the fourth quarter. "Fourth quarter is when most of the securitisation transactions get bunched up. We had a lot of transactions for December that got carried fo...