IFLR1000

Indiabulls Housing Finance Re40 billion QIP issue

15/9/2015
Private placement of shares, Qualified institutional placement (QIP)
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Re 40 billion

$ 602 million

Announced

15/9/2015

Overview:

  • Indiabulls Housing Finance has issued Re40 billion in shares through a qualified institutional placement (QIP).
  • The issue consisted of 56,934,372 equity shares valued at Re702 per share.
  • Bank of American Merrill Lynch, CLSA India, SBI Capital Markets and Axis Bank acted as bookrunners.
  • Indiabulls Housing Finance is the second largest private housing finance company in India.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal types:

Private placement of shares
Qualified institutional placement (QIP)

Practice areas:

Capital markets : Debt
Capital markets : Equity

Governing law:

India

Industry sectors:

Financial services
Real estate

Firms:
Clifford Chance

Party: DSP Merrill Lynch (Global coordinator, Bookrunner)

Party: CLSA India (Global coordinator, Bookrunner)

Party: SBI Capital Markets (Global coordinator, Bookrunner)

JSA

Party: DSP Merrill Lynch (Global coordinator, Bookrunner)

Party: CLSA India (Global coordinator, Bookrunner)

Party: SBI Capital Markets (Global coordinator, Bookrunner)

Luthra and Luthra Law Offices India

Party: Indiabulls Housing Finance (Issuer)

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