General Announcement::Update

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
07-Jan-2019 10:38:57
Status
New
Announcement Sub Title
Update
Announcement Reference
SG190107OTHR7EIF
Submitted By (Co./ Ind. Name)
Indiabulls Housing Finance Limited
Designation
Company
Description (Please provide a detailed description of the event in the box below)
In accordance with SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, kindly take the below information on record:

1. As at December 31, 2018 the Company holds cash and cash equivalents of
20,285 crores (USD 2.9 bn)

2. Additionally, as at December 31, 2018 the Company had undrawn bank lines of
5,950 crores (USD 850 mn)

3. In line with Company s strategy of keeping 3 month CP to less than 5% of its total borrowings, the Company achieved its goal by bringing down 3 month CP borrowings to 4,670 crores (USD 665 mn) as at December 31, 2018 representing only 4% of the total borrowings of the Company. The Company s borrowing program during last quarter included 33 financial institutions

4. During the quarter ended December 31, 2018, the Company assigned (sold down) loans on a net-basis amounting to 12,055 crores (USD 1.7 bn). With this the loans assigned on a net-basis in the current financial year amounts to 16,252 crores (USD 2.3 bn) compared to loans assigned on a net-basis amounting to 9,187 crores (USD 1.3 bn) during the last financial year

5. The Company s net-worth as at 31st December 2018 is over 17,700 crores (USD 2.5 bn) representing net gearing of less than 5 times. The Company has a well matched ALM profile for various time periods. Going forward, as a voluntary disclosure, the detailed ALM on per quarter basis for the following 10 years will be produced as a part of the earnings update along with the financial results every quarter

Attachments

IHFL_Exchange_Intimation_07012019.pdf
Total size =71K