India’s Indiabulls board OKs up to Rs. 30 billion nonconvertibles

By Tali Rackner

Norfolk, Va., Jan. 23 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday and decided to offer a public issue of up to Rs. 30 billion of taxable redeemable secured nonconvertible bonds.

The bonds will be issued in one or more tranches.

Indiabulls Housing Finance is a Mumbai-based housing financial company that provides home loans, loans against properties and commercial vehicle loans primarily to salaried and self-employed sectors in India.

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