Indiabulls Real Estate to raise up to Rs 600 crore through NCD issue

Realty developer Indiabulls Real Estate NSE 2.82 % is planning to raise up to Rs 600 crore through a Non-Convertible Debentures (NCD) issue. The issue of secured and redeemable NCDs with face value Rs 10 lakh each will be a private placement, the company said in a regulatory filing. Tenor of thes

BY Realty Plus
Published - Wednesday, 27 Mar, 2019

Indiabulls Real Estate to raise up to Rs 600 crore through NCD issue

Realty developer Indiabulls Real Estate NSE 2.82 % is planning to raise up to Rs 600 crore through a Non-Convertible Debentures (NCD) issue. The issue of secured and redeemable NCDs with face value Rs 10 lakh each will be a private placement, the company said in a regulatory filing. Tenor of these NCDs will be up to 36 months and will be listed on the Bombay Stock Exchange and or the National Stock Exchange. Also read http://realtyplusmag.com/no-relief-in-sc-for-nagpurs-bezonbagh-buildings-2/