Business Standard

Indiabulls Housing's Rs 3,693 crore rights issue to open on February 7

The issue price is fixed at Rs 150 per share, having a face value of Rs 2, meaning the issue comes at a premium of Rs 148 per share, the company said in a statement

housing, housing finance

Indiabulls Housing pre-dominantly offers housing loans and loans against property to salaried and self-employed individuals, micro, small, and medium-sized enterprises, and corporates

Press Trust of India Mumbai

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Indiabulls Housing Finance on Friday said its Rs 3,693 crore rights issue will be open from February 7-13.
The issue consists of 24,62,26,515 partly paid-up equity shares for an amount aggregating to Rs 3,693.39 crore.
The issue price is fixed at Rs 150 per share, having a face value of Rs 2, meaning the issue comes at a premium of Rs 148 per share, the company said in a statement.
Of the total proceeds from the issue, Rs 273.4 crore will used to augment the capital base and Rs 83.99 crore will be utilised for general corporate purposes.
A participating shareholder will get one equity share for every two shares she/he owns as of February 1, 2024 (the record date), the statement said, adding that the last date for credit of rights entitlements is February 6 and the last date for renunciation rights is February 8, which means the rights entitlements can be bought and sold on February 7 and 8.
Indiabulls Housing pre-dominantly offers housing loans and loans against property to salaried and self-employed individuals, micro, small, and medium-sized enterprises, and corporates.
As of September 2023, its loan book stood at Rs 5,434 crore and is among the top five housing finance companies in terms of assets under management.
For the six months till September 2023, its revenue stood at Rs 412.76 crore and net profit at Rs 59.24 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 02 2024 | 10:56 PM IST

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