Indiabulls Housing Finance has raised Rs 207 crore through issuance of non-convertible debentures on a private placement basis.

It has said in a statement that “The company has allotted secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating Rs 207 crore.”

The debentures that possess a tenure of 10 years, carry 9 percent coupon rate.

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