Indiabulls Housing Finance files corrigendum in connection with issue of NCDs worth Rs1,000cr

The maturity amount at redemption along with the additional yield would be Rs1,188.10 per NCD and/or Rs1,304.30 per NCD respectively.

Sep 09, 2021 10:09 IST India Infoline News Service

Indiabulls Housing Finance Limited has filed a corrigendum with respect to the Tranche I Prospectus dated September 1, 2021, which was filed in connection with the public issue of secured, redeemable, non-convertible debentures of the face value of Rs1,000 each (“Secured NCDs”) and/or unsecured, subordinated, redeemable, non-convertible debentures of the face value of Rs1,000 each for an amount up to Rs200cr (Base Issue Size”) with an option to retain oversubscription up to Rs800cr, aggregating up to Rs1,000cr.

As per the corrigendum, category III and IV of Investors in the proposed Issue who are also Primary Holder(s) on the Deemed Date of Allotment applying in Series II and/or V, the maturity amount at redemption along with the additional yield would be Rs1,188.10 per NCD and/or Rs1,304.30 per NCD respectively provided the NCDs issued under the proposed Issue are held by the investors on the relevant Record Date applicable for redemption in respect of Series II and/or Series V
.
“The Tranche I Prospectus, Abridged Prospectus, Application Form and all Issue related Transaction Documents and all other communications issued by the Company up to the date of the Corrigendum in relation to the Issue shall be read in conjunction with the Corrigendum and any reference to the Tranche I Prospectus shall be deemed to include reference to the Corrigendum also. The Tranche I Prospectus, Abridged Prospectus, Application Form and all Issue related Transaction Documents and all other communications issued by the Company up to the date of the Corrigendum in relation to the Issue stand amended to the extent stated in the Corrigendum,” company said in a filing on Wednesday.

At around 10.18 am, Indiabulls Housing Finance Ltd was trading at Rs228.10 per piece down by Rs1.7 or 0.74% from its previous closing of Rs229.80 per piece on the BSE.

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