Indiabulls Ventures board approves up to Rs. 80 billion debt issue

By Sarah Lizee

Olympia, Wash., Aug. 14 – Indiabulls Ventures Ltd. informed the Bombay Stock Exchange that its board of directors approved a proposal to raise funds by issuing up to Rs. 80 billion of bonds, debentures, equity shares or other eligible securities via private placement or public issue.

The proposal was approved at a board meeting held Tuesday, according to the notice.

Delhi, India-based Indiabulls Ventures provides securities, commodities and currency broking services.

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