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Indiabulls Real Estate raises Rs.480 cr via issue of debentures

Wednesday, June 27, 2018, 10:27 PM

Indiabulls Real Estate today said it has raised Rs.480 crore through issue of debentures on private placement basis. In a BSE filing, the Mumbai-based developer informed that the board's operations committee has allotted NCDs aggregating Rs.480 crore. The company had earlier proposed to issue secured, redeemable, non-convertible debentures of face value Rs.10 lakh each aggregating Rs 480 crore on a private placement basis.

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