General Announcement::Developer Loans

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
19-Oct-2018 15:13:16
Status
New
Announcement Sub Title
Developer Loans
Announcement Reference
SG181019OTHRWXKF
Submitted By (Co./ Ind. Name)
Amit Jain
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This in furtherance to the exchange notice with Subject: Developers Loans. To assuage any concerns that may have arisen due to rumors, the company is taking a proactive step of making a detailed presentation to its Debt investors (Mutual Funds and Insurance Companies ) of the top 25 Developer Loans of Indiabulls Housing Finance, the other Lenders to these Developers, the LTV and details of the security package including LRD assets and residential units mortgaged with Indiabulls Housing Finance for each of these loans. Further, we wish to highlight that average LTV of the top 25 Developer Loans is 43% and all top 25 Developer Loans are standard.


Kindly take the above information on record.

Attachments

IHFL_Developer_Loans_update_to_STXs_19_10_2018_2.pdf
Total size =38K