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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fundraise is expected to help the mortgage lender boost its shrinking loan book.
Indiabulls Housing Finance is looking to raise Rs 3,000 crore by the end of this financial year, according to two people with direct knowledge of the matter.
“This money would be pumped into the company’s existing business—small housing loans and SME loans,” says one of the two persons cited above.
With this, the mortgage lender is expected to focus on growth and increasing loan disbursals from the current Rs 700 crore a month to Rs 1,500 crore by March 2024, says the person quoted above.
“The company has also repaid obligations worth Rs 5,300 crore in the past quarter [ended …
The group’s founder and chairman is paring his holdings and stepping away from the driver’s seat. Will it help Indiabulls chart a new course?
