Indiabulls Real Estate has informed that the Company proposes to issue 3,000 Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each aggregating Rs 300 crores, on a private placement basis, pursuant to a special resolution passed by the shareholders of the Company at its 9th Annual General Meeting held on September 28, 2015, on the terms and conditions.
The above information is a part of company’s filings submitted to BSE.