Indiabulls Real Estate, one of the largest real estate companies in India, has raised Rs 20 crore through issue of non-convertible debentures (NCDs) on private placement basis. The said NCDs will carry coupon rate of 10% per annum.
Earlier on June 2016, the company had announced s plan to raise up to Rs 200 crore through issue of NCDs on private placement basis. So far, the company has raised Rs 151 crore in four tranches.
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.
