May 26, 2017 12:13 AM ET

Thrifts and Mortgage Finance

Company Overview of Indiabulls Housing Finance Limited

Company Overview

Indiabulls Housing Finance Limited, a housing finance company, provides home loans and loans against properties. It offers loans against residential and commercial properties to small and mid-sized businesses, partnership firms, self-employed professionals, and private or closely held companies, as well as home loans for non-residential Indians and persons of Indian origin. The company also provides finance related ancillary services, as well as sells insurance products. It operates through a network of 220 branches in 110 towns and cities in India, as well as through 2 representative offices in Dubai and London. The company was founded in 2000 and is headquartered in Gurgaon, India.

448-451, Indiabulls House

Phase - V

Udyog Vihar

Gurgaon,  122016

India

Founded in 2000

6,388 Employees

Phone:

91 12 4668 1199

Key Executives for Indiabulls Housing Finance Limited

Vice Chairman, Chief Executive Officer and Managing Director
Age: 41
Total Annual Compensation: 103.6M
Founder and Executive Chairman
Age: 41
Total Annual Compensation: 268.1M
Chief Financial Officer
Age: 48
Total Annual Compensation: 22.3M
Deputy Managing Director and Executive Director
Age: 40
Total Annual Compensation: 46.3M
Executive Director
Age: 57
Total Annual Compensation: 23.6M
Compensation as of Fiscal Year 2016.

Indiabulls Housing Finance Limited Key Developments

Indiabulls Housing Finance Raises INR 2,250 Million through Bonds

Indiabulls Housing Finance has raised funds by allotment of secured, redeemable, non-convertible debentures aggregating to INR 2,250 million. The coupon rate on the bonds is 8.37% per annum. This is a tranche of company's INR 60,000 million fund- raising which it had announced in November.

Indiabulls Housing Finance Limited Allots Twenty-First Tranche of Secured Redeemable Non-Convertible Debentures

Indiabulls Housing Finance Limited announced the proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value INR 1 million each (NCDs) aggregating INR 60,000 million, on a private placement basis and letter dated April 24, 2017, and pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed that in terms of the Board authorization dated October 21, 2016 and April 24, 2017, the company on April 25, 2017, allotted its twenty-first tranche of secured, redeemable, non-convertible debentures of face value INR 1 million each aggregating to INR 2,250 million.

Indiabulls Housing Finance Limited Declares Interim Dividend for the Financial Year 2017-2018, Payable on or Before May 23, 2017

Indiabulls Housing Finance Limited declared interim dividend of INR 9 per equity share for the financial year 2017-2018 in the board meeting held on April 24, 2017. Record date for the purpose of determining the names of members eligible for receipt of the interim dividend will be May 5, 2017 and the dividend will be paid on or before May 23, 2017.

Recent Private Companies Transactions

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