Indiabulls Real Estate eyeing to raise Rs 100 crore through NCDs

Indiabulls Real Estate (IBREL) is planning to raise Rs 100 crore through private placement of Non-Convertible Debentures (NCDs). The company proposes to issue secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating Rs 100 crore, on a private placement basis. The issue will open on March 18.

Indiabulls Real Estate is engaged in real estate development, directly as well as through various subsidiaries and associate companies. The main focus of the company is construction and development of properties, project management, investment advisory and construction services.