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Indiabulls Consumer Finance informs about board meeting

28 Sep 2018 Evaluate

Indiabulls Consumer Finance has informed that the Board of Directors of the Company at its meeting held on Thursday, September 27, 2018, has approved the proposal of raising of funds by way of private placement and / or public issue of secured redeemable non-convertible debentures (‘NCDs’), subject to the receipt of necessary approvals, for an amount up to Rs 2,500 Crore, in terms of the provisions of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, the Companies Act, 2013 as amended and other applicable laws. The NCDs are proposed to be listed on the National Stock Exchange of India Limited and/ or BSE or any other stock exchange, as may be decided by the Board of Directors or Bond Issue Committee constituted by the Board of Directors.

The above information is a part of company’s filings submitted to BSE.

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