Indiabulls Housing Finance has informed that the Company proposes to issue 4,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs 10 lakh each aggregating to Rs 400 Crores (Plus Greenshoe Option), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10lh Annual General Meeting held on September 07, 2015, on the terms and conditions.
The above information is a part of company’s filings submitted to BSE.