Indiabulls Housing announces allotments for public offering

By Mary-Katherine Stinson

Lexington, Ky., March 23 – 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 916,487 bonds, par value Rs. 1,000 each, for a placement of Rs. 916,487,000.

The company was planning to issue Rs. 1 billion and still has a Rs. 8 billion over-allotment option. The Rs. 9 billion limit applies to the fifth tranche. The entire shelf limit is for Rs. 14 billion.

No bonds were allotted to the first category.

There were three other categories, with distribution skewed to the fourth category.

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

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