Indiabulls placing sees strong foreign demand

The new constituent stock of the MSCI India Index executed the second-largest QIP in India this year.

Indiabulls placing sees strong foreign demand
Indiabulls Housing Finance has raised a total of $600 million via a qualified institutional placement, helped by this week's rally in global equities and strong international interest following the stock's inclusion in the MSCI India Index.
The discounted QIP, which was only approved by shareholders on Monday, was increased by $100 million after the housing lender exercised an upsize option, sources close to the...

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