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07 December, 2021 19:52 IST
Indiabulls Real Estate raises Rs 750 mn through NCDs
Source: IRIS | 25 Nov, 2021, 11.13AM
Rating: NAN / 5 stars.
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 Indiabulls Real Estate, one of the largest real estate companies in India, has raised Rs 750 million through Secured Redeemable Non-Convertible Debentures (NCDs) on Private Placement basis on November 23, 2021 at coupon rate 10.50% p.a. The said NCDs maturity date will be November 23, 2022.

"To be secured by First charge by way of mortgage over immovable assets of its subsidiaries/SPVs, in favour of the Debenture Trustee, with a minimum  security cover of 1.25x times on the outstanding amount of the Debentures," the company said.

Shares of the company gained Rs 1.20, or 0.68%, to trade at  Rs 177.60. The total volume of shares traded  was 136,560 at the BSE (9.25 a.m., Thursday). The scrip has touched an intraday high of Rs 178.25 and 174.60.

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