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Indiabulls Housing Finance Ltd - 535789 - Intimation Regarding Pre-Mature Redemption Of Secured Redeemable Non-Convertible Debentures (Ncds) Issued By The Company

 The Company hereby issues an offer to all Debenture holder(s) for pre-mature redemption of its NCDs maturing in November and December 2019 at par. The Company will also evaluate further pre-mature redemption of its NCDs from time to time. IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of its total assets as on 10.10.2019. The Company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBH''s debt repayments till September 2020. Rating agency CRISIL and ICRA have re-affirmed the long-term rating of the company at CRISIL AA+ (Outlook: Negative) / ICRA AA+ (Outlook: Negative) on 16th October 2019 and 11th October 2019 respectively after removing the long-term rating from watch with developing implications post RBI not approving the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank.
17-10-2019
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Indiabulls Housing Finance Ltd - 535789 - Board Meeting Intimation for Intimation Of Board Meeting For Consideration And Approval Of Unaudited Financial Results; To Consider Declaration Of Interim Dividend; To Consider Fund Raising By Way Of Issue Of Secured And/Or Unsecured Bonds; And Closure Of Trading Window

 Indiabulls Housing Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2019 ,inter alia, to consider and approve inter-alia the (a) unaudited financial results of the Company for the quarter and half year ended September 30, 2019; (b) declaration of interim dividend, if any, on the Equity shares of the Company, for the financial year 2019-20; and (c) fund raising by way of issue of secured and/or unsecured bonds, in one or more tranches. We further wish to inform that in terms of SEBI (Prohibition of Insider Trading) Regulations, and Code of Conduct for Prevention of Insider Trading of the Company, the Trading Window for dealing in securities of the Company which had been closed earlier, shall remain closed till November 8, 2019.
17-10-2019
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Indiabulls Housing Finance Ltd - 535789 - Announcement under Regulation 30 (LODR)-Credit Rating

 This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency CRISIL on 16.10.2019. The rating committee of CRISIL has reaffirmed the long-term rating of IBH at 'CRISIL AA+'. Short-term rating has been reaffirmed at 'CRISIL A1+'. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of IBH with LVB CRISIL noted the following in reaffirming the ratings and resolving the rating watch: IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of total assets as on 10.10.2019. The company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBH's debt repayments till September 2020. There seem to be signs of improvement in the first fortnight of October 2019 with IBH having received sanctions to raise Rs. 5,200 crore via term loans, working capital lines, commercial papers and securitization lines
16-10-2019
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Indiabulls Housing Finance Ltd - 535789 - Application By Indiabulls Housing Finance Before The Cyber Cell Of Mumbai Police For FIR Against Persons Behind Specific Twitter Accounts And Authors/ Forwarding Agents Of Whatsapp Messages For Spreading Misinformation And Rumors For Benefitting From Proceeds Of Crime

 The Company has filed a Criminal Complaint with Mumbai Police which is addressed to the Cyber Police Station, Cyber Crime, CID, Bandra Kurla Complex in Mumbai. The application of FIR contains specific proofs against persons for disseminating/spreading false messages and seeks action for the commission of offences punishable under Sections 23/24/35/36/ 37/117/120b/420/499/500/501/502/506 IPC against persons involved directly/ indirectly in the crime. The Complaint states that accused persons have hatched a pre-planned criminal conspiracy with intent to cause wrongful loss to Indiabulls Housing Finance Limited, its shareholders and investors. For further details, refer attached PDF file.
16-10-2019
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Indiabulls Housing Finance share declines 8% after Moody's downgrades lender

 Moody's changed the corporate family rating (CFR) and the foreign-currency senior secured rating of the housing lender to B2 from Ba2, citing funding challenges as well as governance issues
15-10-2019
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Indiabulls Housing Finance Ltd - 535789 - Intimation Regarding Repayment Of Masala Bonds Issued By The Company

 This is with reference to our intimation dated 3rd October 2019 related to the INR 1,330 Crores Masala Bonds (ISIN: XS1487891852) issued by the company in September 2016 and maturing on 15th October 2019. The Company has today made the repayment of the entire maturity proceeds from the pre-funding done to Axis Trustee for the same.
15-10-2019
Bigul

Indiabulls Housing Finance Ltd - 535789 - Announcement under Regulation 30 (LODR)-Credit Rating

 This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency ICRA. The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at 'ICRA AA+'. Short-term rating has been reaffirmed at 'ICRA A1+'. ICRA cited the following in reaffirming the ratings and resolving the rating watch: Established track in domestic mortgage finance industry as one of the three largest Housing Finance Companies Comfortable capitalization levels: Capital adequacy ratio of 27.81% against regulatory requirement of 12%, providing adequate cushion for growth The available flexibility to securitize a part of the loan portfolio, which provides the company an avenue for raising funds, in addition to shoring up Return on Equity [RoE] Strong liquidity position to cover next 12 months' debt repayment For further details, refer attached PDF file.
14-10-2019
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Indiabulls Housing Finance Ltd - 535789 - Announcement under Regulation 30 (LODR)-Credit Rating

 This is with reference to the communication Indiabulls Housing Finance Limited [IBH] received from the rating agency ICRA. The rating committee of ICRA has reaffirmed the long-term rating of Indiabulls Housing Finance Limited at 'ICRA AA+'. Short-term rating has been reaffirmed at 'ICRA A1+'. ICRA cited the following in reaffirming the ratings and resolving the rating watch: Established track in domestic mortgage finance industry as one of the three largest Housing Finance Companies Comfortable capitalization levels: Capital adequacy ratio of 27.81% against regulatory requirement of 12%, providing adequate cushion for growth The available flexibility to securitize a part of the loan portfolio, which provides the company an avenue for raising funds, in addition to shoring up Return on Equity [RoE] Strong liquidity position to cover next 12 months' debt repayment For further details, refer attached PDF file.
14-10-2019
Bigul

Indiabulls Housing Finance Ltd - 535789 - Outcome of Board Meeting

 Further to our intimation dated October 09, 2019 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board of Directors of Indiabulls Housing Finance Limited (the 'Company') at its meeting held on October 14, 2019 (which commenced at 7:30 p.m. and concluded at 8:35 p.m.) considered the option of buyback of shares under SEBI (Buy-Back of Securities) Regulations, 2018, as amended (hereinafter referred to as the 'Buyback'). While deliberating on the buyback of shares the Board of Directors noted the following: The present market value of the Company is at a steep discount to its historical valuation multiples The Company's financial position is very strong and its capital levels are high: o The Company's Capital Adequacy of 27.8% as at the end of June 2019, is the highest amongst all non-bank finance companies [NBFCs] of size. For further details, refer attached PDF file.
14-10-2019

Yes Bank, Indiabulls Housing are different peas stuck in same pod

 Difference between Yes Bank, Indiabulls Housing's market value has narrowed recently.Variance between bank, non-bank has blurred as Yes Bank, Indiabulls Housing struggle for capital
14-10-2019
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