Indiabulls Housing Finance to raise $200 million through FCCB offer

Indiabulls Housing Finance is soon going to raise $200 million (approximately Rs 1,460 crore) through an offer of Foreign Currency Convertible Bonds (FCCBs) at the floor price of over Rs 227 each. With this, Indiabulls will be having a total of $500 million in the current fiscal through a combination of equity, stake sale, and debt. The bonds will remain for five years of duration.