By Tali Rackner
Norfolk, Va., July 12 – Indiabulls Real Estate Ltd. informed the Bombay Stock Exchange that it priced Rs. 250 million of secured redeemable nonconvertible debentures.
The 10% notes will mature May 12, 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. 250 million
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| Maturity: | May 12, 2022
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| Coupon: | 10%
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| Allotment date: | July 12
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