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S&P
BSE SENSEX
73,106.72
+617.73
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Corporate Announcement
Security Code
535789
Company
Indiabulls Housing Finance Ltd
Exchange Received Time
19/10/2018 12:12:48
Exchange Disseminated Time
19/10/2018 12:12:55
Time Taken
00:00:07
Developer Loans |
10/19/2018 12:12:49 PM
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.
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