indiabulls housing finance fund raising home loans real estate puravankara share price net profit sales revenues flats apartments construction real fund raising money rupees
Bengaluru-based real estate developer Puravankara Projects reported a steep fall in net profit for the quarter ended June 2016, causing its share price to drop more than 4 percent on Monday. In Picture: Labourers are silhouetted against the setting sun as they work at the construction site of a residential building in the southern Indian city of Hyderabad October 5, 2012 (representational image).Reuters file

Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange (BSE) on Saturday that it intends to raise Rs. 300 crore via private placement of debt instruments.

The non-convertible debentures (NCDs) will have a face value of Rs. 1 lakh each and repayable after 10 years. The debentures will carry an interest of 9.30 percent payable annually and have been rated by CARE Ratings (CARE AA+) and Brickswork Ratings (BWR AAA). The issue  will open on June 29 and close on the same day, the company said in a regulatory filing to the BSE.

The NCDs will be listed on the BSE and the NSE. 

Indiabulls Housing Finance had reported a rise of 22.6 percent in net profit to Rs. 675 crore for the fourth quarter ended March 31, 2016 on total income of Rs. 2,400 crore.

The share price of Indiabulls Housing Finance closed at Rs. 656.45 on Friday on the BSE, down 4.01 percent from its previous close.