Indiabulls Housing gets OK for Rs. 7.92 billion redeemable debentures

By Marisa Wong

Los Angeles, Sept. 24 – Indiabulls Housing Finance Ltd. said its board of directors has approved the allotment of Rs. 7,922,755,000 of redeemable non-convertible debentures on a public issue basis, according to a notice.

The debentures may be secured or unsecured and subordinated.

Indiabulls is a Gurugram, India-based real estate company.

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