Indiabulls Housing announces allotments for public offering

Chicago, Nov. 3 – Indiabulls Housing Finance Ltd. announced the allotment results from the public sale of secured redeemable non-convertible bonds, according to a press release.

The company approved allotment of Rs. 994,927,000 bonds, par value Rs. 1,000 each.

The company was planning to issue Rs. 1 billion and still has a Rs. 7 billion overallotment option. The Rs. 8 billion limit applies to the third tranche. The entire shelf limit is for Rs. 14 billion.

No bonds were allotted to the first category.

There were four other categories, with distribution skewed to the second category.

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

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