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.
