Indiabulls Housing Finance Gains After Announcing Divestment Plans
Indiabulls Housing Finance Share Price: On Wednesday, Indiabulls Housing Finance opened at Rs 187, witnessing an intra day high of Rs 192.95 and an intra day low of Rs 184.50, so far.
Indiabulls Housing Finance Ltd - 535789 - Proposed Divestment Of Mutual Fund Business
The Company has decided to focus on its Real Estate Asset Management business (REAM) through AIF structures in line with its asset-light strategy, which is complementary to the core business of Company and it plans to grow this business in partnership with global player(s). Therefore, the Mutual Fund business does not remain a core focus area for Company. Considering above, the Company has decided to focus management bandwidth and consolidate capital towards its core lending business and divest out of the Mutual Fund business. In this respect, Company along with its wholly owned subsidiary companies IAMCL & ITCL has executed definitive transaction document with Nextbillion Technology Pvt Ltd, part of Groww Group, to divest its entire stake in mutual fund business, being carried out by IAMCL & ITCL to the Groww at an aggregate purchase consideration of INR 175 Cr (including cash and cash equivalents of INR 100 Cr, as on closing date) subject to necessary approvals. Indiabulls Housing Finance Ltd - 535789 - Format of the Annual Disclosure to be made by an entity identified as a Large Corporate
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Compay Indiabulls Housing Finance Ltd 2 CIN L65922DL2005PLC136029 3 Report filed for FY 2020-21 Details of the borrowings (all figures in Rs crore) 4 Incremental borrowing done in FY(a) 5780 5 Mandatory borrowing to be done through issuance of debt securities(b) = (25% of a) 1445 6 Actual borrowings done through debt securities in FY(c) 2780 7 Shortfall in the mandatory borrowing through debt securities, if any (d) = (b) - (c) { If the calculated value is zero or negative, write 'nil'} NIL 8 Reasons for shortfall, if any, in mandatory borrowings through debt securities Not Applicable Name of the Company Secretary :-Mr Amit JainDesignation :-Company Secretary Name of the Chief Financial Officer :- Mukesh Garg Designation : -Chief Financial Officer Date: 10/05/2021 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 SEBI (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 following Secured Redeemable Non-Convertible Debentures (NCDs) issued by our Company, on private placement basis. For details, refer attachment. Indiabulls Housing Finance Ltd - 535789 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayIndiabulls Housing Finance Ltd 2CINL65922DL2005PLC136029 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 48448.65 4Highest Credit Rating during the previous FY AA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: Amit Jain Designation: Company Secretary EmailId: ajain@indiabulls.com Name of the Chief Financial Officer: Mukesh Garg Designation: Chief Financial Officer EmailId: mukesh.garg@indiabulls.com Date: 29/04/2021 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. 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 SEBI (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 following Secured Redeemable Non-Convertible Debentures (NCDs) issued by our Company, on private placement basis. For details, refer attachment. Indiabulls Housing Finance Ltd - 535789 - Indiabulls Housing Finance Ltd reply to clarification sought by the exchange
The Exchange has sought clarification from Indiabulls Housing Finance Ltd with respect to news article appearing on www.business-standard.com April 27, 2021, titled "Police book Indiabulls promoters, directors; firm moves court to quash FIR".Indiabulls Housing Finance Ltd response is enclosed. Indiabulls Housing Finance Ltd - 535789 - Clarification sought from Indiabulls Housing Finance Ltd
The Exchange has sought clarification from Indiabulls Housing Finance Ltd with respect to news article appearing on www.business-standard.com April 27, 2021, titled "Police book Indiabulls promoters, directors; firm moves court to quash FIR".The reply is awaited. Indiabulls Housing Finance Ltd - 535789 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HSBC Global Asset Management (Hong Kong) Ltd 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 in respect of the following Secured Redeemable Non-convertible Debentures and Unsecured Redeemable Non-convertible Debentures (NCDs), issued by our Company, through Public Issue, and listed on the Stock Exchange. For details, refer attachment.