India’s Indiabulls plans to issue Rs. 10 billion of secured debentures

By Tali Rackner

Norfolk, Va., June 3 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange that is proposing an issue of Rs. 10 billion of secured nonconvertible redeemable debentures, plus a greenshoe.

The 1,000 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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