India’s Indiabulls proposes Rs. 250 million of secured debentures

By Tali Rackner

Norfolk, Va., March 9 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it is proposing an issue of Rs. 250 million of secured nonconvertible redeemable debentures.

The 250 debentures will be issued on a private placement basis.

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

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