Indiabulls to price Rs. 250 million of secured redeemable debentures

By Sarah Lizee

Olympia, Wash., Sept. 25 – Indiabulls Real Estate Ltd. informed the Bombay Stock Exchange that it plans to price Rs. 250 million of one-year 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 and will be callable after six months, according to a notice.

The issue will open on Sept. 26.

Indiabulls is a Mumbai-based real estate company.

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