Indiabulls Housing Finance raises Rs 23,615 cr
Indiabulls Housing Finance raises Rs 23,615 cr
Indiabulls Housing Finance Tuesday said it has raised Rs 23,615 crore through various debt instruments from 32 financial institutions.
The fund raising is in line with the company's objectives of maintaining high liquidity and sustainable growth, the company said in a BSE filing.
"...as an aftermath of ILFS default, the liquidity issue for NBFC/HFC sector started on September 21, 2018. Since then in the last 2 months, Indiabulls Housing Finance has raised Rs 23,615 crore from 32 financial institutions in various debt instruments, securitization and sanctions," it said.
Of the total Rs 23,615 crore raised, Rs 17,410 crore is in the nature of long term debt, it added.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.