Deal Closed | Indiabulls Housing Finance Ltd | Qualified Institutional Placement

Indiabulls Housing Finance Limited raises funds aggregating to INR 682.87 Crores through QIP.

The details of the deal are as under:

Announcement Date: 15-Sep-2020 

Completion Date: 15-Sep-2020 

Name & Contact Details of Client: Indiabulls Housing Finance Limited 

Deal Description: Qualified institutions placement of 34,774,811 equity shares of Indiabulls Housing Finance Limited.

Total Consideration: INR 682.87 crore (USD 93 million) 

Team Members: Abhimanyu Bhattacharya (Partner), Thomas George (Partner), Nagashayana S (Principal Associate), Prathiksha Panduranga (Associate) and Poorvi Jain (Associate) 

Role of Firm: Indian legal counsel to Indiabulls Housing Finance Limited 

Other legal advisors if any with names of Lead Lawyers: L&L Partners Law Offices acted as the Indian legal counsel to the Joint Global Coordinators and Book Running Lead Managers ("JGCBRLMs"). Clifford Chance Pte Ltd acted as the International legal counsel to the JGCBRLMS.

Unique Feature of Transaction: Indiabulls Housing Finance Limited is one of the largest housing finance companies in India in terms of AUM, focussing primarily on long-term secured mortgage-backed loans.