Tue 05/04/2021 07:40 AM
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UPDATE 1: 7:40 a.m. ET 5/4/2021: Talks to raise as much as INR 20 billion ($270 million) for Indiabulls Housing Finance against a INR 40 billion pool of the non-bank finance company’s real estate developer loans have stalled over pricing - the NBFC wants a coupon of 15%-16%, while potential investors including Apollo Capital Management, Ares SSG, Oaktree Capital Management and Varde Partners want an INR coupon of 18%-19%, said two sources with knowledge.

Indiabulls Housing Finance’s...
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