India’s Indiabulls redeems three secured non-convertible debentures

By Devika Patel

Knoxville, Tenn., Oct. 5 – Indiabulls Housing Finance Ltd. informed the Bombay Stock Exchange it redeemed three series of secured redeemable non-convertible debentures.

The company redeemed Rs. 17 million of 8.78% debentures due Aug. 22, 2019; Rs. 12.5 million of 8.55% debentures due March 19, 2019; and Rs. 1.5 million of 10% debentures due Sept. 29, 2019.

Following this redemption, there are Rs. 285.5 million of 8.78% debentures remaining; Rs. 57.5 million of 8.55% debentures remaining; and Rs. 8 million of 10% debentures remaining.

Indiabulls is a Mumbai-based real estate company.

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