Indiabulls Real Estate has raised Rs 75 crore through issue of Non-Convertible Debentures (NCDs) on private placement basis. The said NCDs will carry coupon rate of 10% per annum and will have tenor of 5 years and 10 months. The NCDs will be listed on Bombay Stock Exchange (BSE) and will mature on April 29, 2022.
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.