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India’s Indiabulls intends to issue Rs. 500 million of nonconvertibles
By Tali Rackner
Norfolk, Va., May 5 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that it is proposing to issue Rs. 500 million of secured nonconvertible redeemable debentures.
The 500 debentures will have a face value of Rs. 1 million each and will be issued on a private placement basis pursuant to special resolution passed by the shareholders of the company at the 10th Annual General Meeting held on Sept. 7, 2015.
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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