Tag: Indiabulls Housing Finance
Indiabulls Housing Finance said that it has raised Rs 1100 crore by issuing Non-Convertible Debentures on a private placement basis.
“Indiabulls Housing Finance has allotted its second tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each (‘NCDs’) aggregating to Rs 1100 crore on a private placement basis,” the company said in a filing to the Bombay Stock Exchange.
The coupon/interest offered will be 7.85 per cent per annum payable annually and at maturity.
The debentures have tenure of 731 days and the date of maturity is 17th June 2019.
Meanwhile, shares of the company closed trading at Rs 1129.60 apiece, down 1.78 per cent from the previous close on BSE.
Leading housing finance company, Indiabulls Housing Finance Ltd has said that it has proposed to issue 4,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to Rs.400 Crores (Plus Greenshoe Option), on Private Placement basis.
“The Company proposes to issue 4,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each aggregating to Rs.400 Crores (Plus Greenshoe Option), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on September 07, 2015, on the terms and conditions,” the company said in a filing to the Bombay Stock Exchange.
Meanwhile, shares of the company were trading at Rs 806.50 apiece, down 0.46 per cent from the previous close at 10:00 hours on BSE.
Indiabulls Housing Finance said that it has planned to raise Rs 200 crore by issuing non-convertible debentures.
“The company proposes to issue 2,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 200 crore (plus greenshoe option), on private placement basis,” it said in a regulatory filing.
In a green shoe option, the company can retain any amount of over-subscription.
The decision to raise the amount was taken at the company’s annual general meeting held in September last year.
Meanwhile, shares of the company were trading at Rs 692.10 apiece, down 1.95 per cent from the previous close at 12:04 hours on BSE.
Indiabulls Housing Finance Limited’s reported a 22.6 per cent rise in the net profit for the fourth quarter of FY 2015-16 compared to the fourth quarter of FY 2014-15. The current quarter’s Profit After Tax stood at Rs. 675.5 crores. The rise comes majorly on the back of higher Net Interest Income and an increased fees income this quarter.
The Net Interest Income was Rs. 1116.2 crores which is 14.9 per cent higher than the previous quarters; whereas the fee incomes stood at Rs. 189.5 crores, 30.9 per cent higher than the Q4 FY 2014-15 figure of Rs. 144.8 crores.
The Indian conglomerate Indiabulls group’s company registered a better performance for the FY 2015-16 compared to FY 2014-15. The total revenue and net income both rose by 27.2 per cent and 23.3 per cent respectively compared to last year.
The total revenue for the company this year was Rs. 9225.6 crores against Rs. 7,253.4 crores last year. Net income increased from Rs. 1901.2 crores last year to Rs. 2344.7 crores this year.
Meanwhile, Indiabulls Housing Finance Limited share price was up by 1.80 per cent at Rs 683.10, from the prior close on the Bombay Stock Exchange at 14:07 hours.