Indiabulls Housing Finance shares jump 4% on fund raising plans

NEW DELHI: Shares of Indiabulls Housing Finance jumped nearly 4 per cent in morning trade on Thursday after it announced plans to raise more funds in the current financial year.

In a regulatory filing, Indiabulls Housing Finance Wednesday said it has raised Rs 17,300 crore in the March quarter of 2018-19. The company plans to borrow Rs 26,000 crore in the current financial year.

As per the BSE filing, the company's cash and cash equivalents as on March 31, 2019, stood at Rs 27,512 crore.


Shares of the company closed 3.29 per cent up at Rs 898.35 on BSE.