Indiabulls Housing Finance Ltd - 535789 - Shareholding for the Period Ended September 30, 2019
Indiabulls Housing Finance Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2019. For more details, kindly Click here Indiabulls Housing Finance Ltd - 535789 - Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Pursuant to Regulations 30 and 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby certify that our Company has made timely payment of interest / principal (as the case may be) in respect of the Secured Redeemable Non-Convertible Debentures and Unsecured Redeemable Non-Convertible Subordinated Debt in the nature of Debentures (NCDs) issued by our Company, on private placement basis. For further details, refer attached PDF file. 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 CARE Ratings on October 18, 2019. The rating committee of CARE Ratings has reaffirmed Long-term rating at 'CARE AA+' and Perpetual Debt at 'CARE AA'. Short-term rating has been reaffirmed at 'CARE A1+'. The watch resolution of negative outlook follows the announcement of RBI not approving the merger of IBH with LVB. CARE noted the following in reaffirming the ratings and resolving the rating watch: IBH maintains liquidity of at least one year debt repayments as a policy. As on October 10, 2019, IBH maintained total liquidity of ~Rs.18,500 crore which covers next one year scheduled repayments CARE also noted the following in reaffirming the ratings: - Established track record as one of the largest HFCs - Comfortable Capitalization levels: the company reported Capital Adequacy [CAR] of 27.81% For further details, refer attachment.
Indiabulls Housing Finance offers to pre-pay NCDs
Indiabulls Housing Finance offers pre-mature redemption of all non-convertible debentures maturing in November and December this year.Indiabulls Housing Finance gained 14.03% to close at 197.15 on the BSE 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. 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. 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 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. 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 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.