Indiabulls gets OK for Rs. 1.16 billion non-convertible debentures

By Devika Patel

Knoxville, Tenn., Dec. 28 – Indiabulls Housing Finance Ltd. reported that, on Dec. 27, its board of directors approved plans to issue Rs. 1,161,055,000 of secured redeemable non-convertible debentures in a public offering.

The company is authorized to issue up to Rs. 1 billion of debentures with a Rs. 1 billion over-allotment option under its shelf registration.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.