Indiabulls Housing Finance Board approves fundraising of up to Rs 5,000 Crore

Indiabulls Housing Finance Ltd.’s board of directors has given the green light to raise funds up to Rs 5,000 crore. The fundraising initiative will involve the issuance of equity shares or other convertible securities through private placement, including preferential offers, rights issues, or alternative methods, as per an exchange filing released on Wednesday.

As of 10:54 am, the shares were trading 0.92% lower at ₹204.50.