Indiabulls Real Estate to raise Rs 100 crore

Indiabulls Real Estate to raise Rs 100 crore
18/03/2017 , by , in News/Views

Realty developer Indiabulls Real Estate is planning raise Rs 100 crore through issue of Non-Convertible Debentures (NCDs), the company said in a regulatory filing.

The NCD issue with tenor of 13 months will open on March 22, the company said in a BSE notice.

The issue of secured, redeemable, non-convertible debentures of face value Rs 10 lakh each will be done a private placement basis. The company had received shareholders approval for the same in September 2016 through a special resolution at its Annual General Meeting then.

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