Indiabulls Real Estate has proposed to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 200 crore (including green shoe option of Rs 100 Crore), 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 necessary terms and conditions.
Indiabulls Real Estate is engaged in real estate development, directly as well as through various subsidiaries and associate companies. The main focus of the company is construction and development of properties, project management, investment advisory and construction services.
