Indiabulls Housing Finance Ltd

Deal Details

  • Largest Rights Issue in BFSI sector in past decade
  • Deal saw strong participation across investor categories and was subscribed 201.19%* of the issue size
  • The fund raise comes at a crucial time for the company when it is in the process of changing its brand name and is focused on strengthening its balance sheet

Nuvama Contribution

  • Nuvama handheld the management through the entire rights issue process, providing strategic guidance and regulatory support
  • Worked efficiently to ensure the entire process from preparing to filing Letter of Offer to listing of the rights shares was completed swiftly
  • Nuvama co-ordinated the marketing efforts across diverse investor set including Long Only DIIs and FIIs