General Announcement::Intimation of outcome of the Board Meeting

Issuer & Securities

Issuer/ Manager
INDIABULLS HOUSING FINANCE LIMITED
Securities
INDIAB HF INR13.3B8.567%191015 - XS1487891852 - 4T4B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
23-May-2018 20:37:01
Status
New
Announcement Sub Title
Intimation of outcome of the Board Meeting
Announcement Reference
SG180523OTHRZDXX
Submitted By (Co./ Ind. Name)
Indiabulls Housing Finance Limited
Designation
Mr. Amit Jain, Company Secretary
Description (Please provide a detailed description of the event in the box below)
We wish to inform you that the Board of Directors of the Company at its meeting held on Wednesday May 23, 2018, which commenced at 4.30 P.M. IST and concluded at 5.30 P.M. IST has inter-alia, approved the proposal of raising of funds by way of public issue of secured and/or unsecured redeemable non-convertible debentures ("NCDs") of face value Rs.1,000 each, subject to the receipt of necessary approvals, for an amount of upto Rs. 15,000 crs (Fifteen Thousand Crores Only), in one or multiple issues in terms of the provisions of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, the Companies Act, 2013 as amended and other applicable laws. The unsecured redeemable non-convertible debentures will be in the nature of subordinated debt and will be eligible for Tier II capital. The NCDs are proposed to be listed on the National Stock Exchange of India Limited and/ or BSE Limited or any other stock exchange, as may be decided by the Board of Directors or Bond Issue Committee constituted by the Board of Directors, thereof.

Attachments

IHFL_Outcome_of_BM_23052018.pdf
Total size =260K