Indiabulls Real Estate proposes to raise Rs 480 crore

By private placement of NCDs

Indiabulls Real Estate announced that the Company proposes to issue Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each aggregating Rs. 480 crore, on a private placement basis, pursuant to a special resolution passed by the shareholders of the Company at its 11th Annual General Meeting held on September 29, 2017, on the terms and conditions.

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