Indiabulls Housing reports allotments for public offering

By Wendy Van Sickle

Columbus, Ohio, July 27 – 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 1,013,259 bonds, par value Rs. 1,000 each, for a placement of Rs. 1,013,259,000.

The company was planning to issue Rs. 1 billion and has a Rs. 1 billion over-allotment option.

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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