Indiabulls Real Estate raises Rs 25 crore via NCDs

Indiabulls Real Estate has raised Rs 25 crore through an issue of Secured Redeemable Non-Convertible Debentures (NCDs) on private placement basis. The NCDs will mature on September 28, 2019 and carries a coupon rate of 10.25% per annum (p.a.). The NCDs are proposed to 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.