Indiabulls Housing Finance trades jubilantly on inking pact with HDFC
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Indiabulls Housing Finance is currently trading at Rs. 180.25, up by 15.15 points or 9.18% from its previous closing of Rs. 165.10 on the BSE.
The scrip opened at Rs. 171.00 and has touched a high and low of Rs. 185.60 and Rs. 169.25 respectively. So far 2215529 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 263.60 on 23-Jun-2020 and a 52 week low of Rs. 108.00 on 22-Apr-2020.
Last one week high and low of the scrip stood at Rs. 185.60 and Rs. 154.30 respectively. The current market cap of the company is Rs. 8169.71 crore.
The promoters holding in the company stood at 21.70%, while Institutions and Non-Institutions held 46.35% and 31.95% respectively.
Indiabulls Housing Finance and HDFC have entered into a strategic co-lending partnership with HDFC to offer housing loans at competitive rates.
The company will originate retail home loans as per jointly drawn up credit policy and retain 20 per cent of the loan in its books, and 80 per cent will be on HDFC books. The company will service the loan account throughout the life cycle of the loan
Indiabulls Houasing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
