Indiabulls Real Estate raises Rs 75 cr via debentures

By: | Published: June 29, 2016 9:44 PM

Indiabulls Real Estate today said it has raised Rs 75 crore through issue of non-convertible debentures (NCDs) on private placement basis...

Indiabulls Real Estate is developing 11 projects with a total saleable area of 30.51 million sq ft. (PTI)Indiabulls Real Estate is developing 11 projects with a total saleable area of 30.51 million sq ft. (PTI)

Indiabulls Real Estate today said it has raised Rs 75 crore through issue of non-convertible debentures (NCDs) on private placement basis.

Earlier this month, the Mumbai-based company had announced that it proposes to raise up to Rs 200 crore through issue of NCDs on private placement basis.

Also Read- Indiabulls Housing Finance to raise Rs 625 crore

In a BSE filing, Indiabulls Real Estate informed that the “company has allotted NCDs aggregating Rs 75 crore”.

Earlier this year, the company had raised over Rs 400 crore through this route.

Indiabulls Real Estate is developing 11 projects with a total saleable area of 30.51 million sq ft. It has presence in key metros of Mumbai, NCR and Chennai. It has entered London property market through acquisition of 22, Hanover Square in Mayfair, Central London, a 87,444 sq ft commercial property in July 2014.

 

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