By Wendy Van Sickle
Columbus, Ohio, July 8 – Indiabulls Real Estate Ltd. informed the Bombay Stock Exchange that it priced Rs. 310 million of secured redeemable nonconvertible debentures, according to a notice.
The 10% notes will mature May 6, 2022.
The debentures were issued with a face value of Rs. 1 million each in a private placement.
The debentures will be listed on the Bombay Stock Exchange Ltd.
Indiabulls is a Mumbai-based real estate company.
| Issuer: | Indiabulls Real Estate Ltd.
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 310 million
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| Maturity: | May 6, 2022
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| Coupon: | 10%
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| Allotment date: | July 8
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