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Indiabulls Real Estate to raise Rs 600 crore via NCDs

26 Mar 2019 Evaluate

Indiabulls Real Estate has proposed to raise funds through issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating upto Rs 600 crore, on a private placement basis. The tenure of the instrument is upto 36 months. Credit rating agency, Brickwork Ratings has rated ‘AA-’ for the instrument.

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.

Peers
Company Name CMP
Lodha Developers 1039.50
Prestige EstatesProj 1432.80
Dilip Buildcon 379.00
DLF 694.35
Oberoi Realty 1655.00
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