General Announcement::Indiabulls Housing Finance raises Rs 23,615 crores in the last 2 months

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
20-Nov-2018 23:15:46
Status
New
Announcement Sub Title
Indiabulls Housing Finance raises Rs 23,615 crores in the last 2 months
Announcement Reference
SG181120OTHRTNQK
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)
This is to inform that as an aftermath of ILFS default, the liquidity issue for NBFC/ HFC sector started on September 21st, 2018. Since then in the last 2 months, Indiabulls Housing Finance has raised Rs 23,615 crores from 32 financial institutions in various debt instruments, securitization and sanctions. Of the total of Rs 23,615 crores raised, Rs 17,410 crores is in the nature of long term debt. The above mentioned fund raising is in line with the Company's objectives of maintaining high liquidity and sustainable growth.

Attachments

IBHFL_Update_20112018.pdf
Total size =38K