Indiabulls Real Estate is planning to raise Rs 500 crore through private placement of debentures. The company has proposed to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating Rs 500 crore, on a private placement basis, pursuant to a special resolution passed by the shareholders of the company. The issue opening date of NCDs will be June 28, 2017 and will be listed on BSE.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
