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Indiabulls Housing Finance stock rises 3% on nod to raise Rs 50K crore via bonds

Shares of Indiabulls Housing Finance rose 3 percent in early trade today after the board on March 22 cleared raising of funds up to Rs 50,000 crore, through issue of secured and/or unsecured non-convertible debentures and bonds on private placement basis. Indiabulls Housing Finance stock touched an intraday high of Rs 159.20, rising 3.07 percent against the previous close of Rs 154.45 on BSE.
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