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 deal told FinanceAsia on Wednesday.
Investor sentiment turned positive on Tuesday as rattled Asian stock markets rebounded, with India's benchmark Sensex index gaining...
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