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| Exchange Received Time 17/10/2019 21:35:03 Exchange Disseminated Time 17/10/2019 21:35:09 Time Taken 00:00:06 | The Company hereby issues an offer to all Debenture holder(s) for pre-mature redemption of its NCDs maturing in November and December 2019 at par. The Company will also evaluate further pre-mature redemption of its NCDs from time to time.
IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of its total assets as on 10.10.2019. The Company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBH''s debt repayments till September 2020.
Rating agency CRISIL and ICRA have re-affirmed the long-term rating of the company at
CRISIL AA+ (Outlook: Negative) / ICRA AA+ (Outlook: Negative) on 16th October 2019 and 11th October 2019 respectively after removing the long-term rating from watch with developing implications post RBI not approving the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank.
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