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BSE SENSEX
73,088.33
+599.34
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Corporate Announcement
Security Code
535789
Company
Indiabulls Housing Finance Ltd
Exchange Received Time
23/05/2018 17:57:03
Exchange Disseminated Time
23/05/2018 17:57:11
Time Taken
00:00:08
Board Meeting-Outcome of Board Meeting |
5/23/2018 5:57:03 PM
The Board of Directors of the Company at its meeting held on 23.05.18, which commenced at 4.30 P.M. and concluded at 5.30 P.M. has inter-alia, approved the proposal of raising of funds by way of public issue of secured and/or unsecured redeemable non-convertible debentures (NCDs) of face value Rs.1,000 each, subject to the receipt of necessary approvals, for an amount of upto Rs. 15,000 crs (Fifteen Thousand Crores Only), in one or multiple issues in terms of the provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the Companies Act, 2013 as amended and other applicable laws. The unsecured redeemable non-convertible debentures will be in the nature of subordinated debt and will be eligible for Tier II capital. The NCDs are proposed to be listed on the National Stock Exchange of India Limited and/ or BSE Limited or any other stock exchange, as may be decided by the Board of Directors or Bond Issue Committee constituted by the Board of Directors.
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