With reference to letter of November 10, 2016 intimating the Indiabulls Housing proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakhs each (NCDs) aggregating Rs 6000 Crores, on a private placement basis, and pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indiabulls Housing has informed that in terms of the Board authorization dated October 21, 2016, the Company on March 17, 2017, allotted its sixth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each (NCDs) aggregating Rs 50 Crores, as per attached intimation.
The above information is a part of company’s filings submitted to BSE.
