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Indiabulls Hsg
BSE: 535789NSE: IBULHSGFINISIN: INE148I01020

21st-Sep-2021 22:06Source: BSE

Indiabulls Housing Finance - Issue Of Foreign Currency Convertible Bonds ('Fccbs') Aggregating To USD 165 Million By Indiabulls Housing Finance Limited

Further to our letter dated 16.09.2021 intimating you about the meeting of the Securities Issuance Committee to be held on 21.09.2021 in respect of the Issue, we wish to inform you that the Committee at its meeting held today i.e. 21.09.2021 has, amongst other things, passed the following resolutions:

a. Approved and adopted the final offering circular dated 21.09.2021.

b. Approved the subscription agreement to be executed between the Company and the joint lead managers and joint bookrunners appointed for the purpose of the Issue.

c. Approved the price of the US $165,000,000, 4.5 per cent. Secured Convertible Bonds due 2026 ('FCCBs') convertible into equity shares of Rs. 2.00 each ('Equity Shares') in the share capital of the Company, including the (i) issue price for the FCCBs: 100% of the principle amount of the FCCBs and (ii) initial Conversion price of INR 243.05 per fully paid-up Equity Share of the Company; and

For details refer attachment.

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