Indiabulls to price Rs. 4.8 billion of 36-month redeemable debentures

By Tali Rackner

Minneapolis, June 20 – Indiabulls Real Estate Ltd. informed the Bombay Stock Exchange that it plans to price Rs. 4.8 billion of 36-month secured redeemable nonconvertible debentures at par in a private placement.

The debentures will be issued with a face value of Rs. 1 million each in one or more tranches, according to a notice.

The issue will open on June 25.

Indiabulls is a Mumbai-based real estate company.

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