Indiabulls plans Rs. 5.65 billion secured nonconvertible debentures

By Wendy Van Sickle

Columbus, Ohio, May 25 – Indiabulls Housing Finance Ltd. plans to issue Rs. 5.65 billion secured nonconvertible redeemable debentures, according to a Bombay Stock Exchange notice.

The debentures with a face value of Rs. 1 million each will be issued on a private placement basis pursuant to the special resolution passed by the shareholders at the 10th annual general meeting on Sept. 7, 2015. There will also be a greenshoe.

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

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