Indiabulls Real Estate to raise up to Rs 600 crore through NCD issue

Indiabulls Real Estate to raise up to Rs 600 crore through NCD issue
Mar 2019 , by , in Latest News

Realty developer Indiabulls Real Estate NSE 2.82 % is planning to raise up to Rs 600 crore through a Non-Convertible Debentures (NCD) issue. The issue of secured and redeemable NCDs with face value Rs 10 lakh each will be a private placement, the company said in a regulatory filing.

Tenor of these NCDs will be up to 36 months and will be listed on the Bombay Stock Exchange and or the National Stock Exchange. Also read http://realtyplusmag.com/no-relief-in-sc-for-nagpurs-bezonbagh-buildings-2/

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