Indiabulls Housing Finance Limited’s Raising Found

Khaitan & Co advised Indiabulls Housing Finance Limited on the deal.

The Securities Issuance Committee of Indiabulls Housing Finance Limited approved the closure of the issue period for the Issue September 14, 2020 pursuant to the receipt of application forms for an aggregate of 3,47,74,811 fully paid up Equity Shares of the Company and the funds in the escrow account from eligible qualified institutional buyers in accordance with the terms of the Issue, which opened on September 9, 2020.

Indiabulls Housing Finance Ltd (IBHFL) is a Housing Finance Company (HFC) and provides long-term housing loans to individuals and loans against homes to small business owners.

The Khaitan & Co team was led by Partner Abhimanyu Bhattacharya (Picture), Thomas George (Partner), Nagashayana S (Principal Associate), Prathiksha Panduranga (Associate) and Poorvi Jain (Associate).

Involved fees earner: Abhimanyu Bhattacharya – Khaitan & Co.; Thomas George – Khaitan & Co.; Poorvi Jain – Khaitan & Co.; Prathiksha Panduranga – Khaitan & Co.; Nagashayana Srinivasaiah – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Indiabulls Housing Finance Ltd;

Author: Michael Patrini