Indiabulls Real Estate is planning to raise Rs 480 crore through issue of secured, redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each on private placement basis. The issue will open on June 25 and the amount will be raised in one or more tranches.
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.