Indiabulls Real Estate Limited (the Company) proposes to issue Secured, Redeemable, Non-Convertible Debentures of face value Rs.10 lakh each aggregating upto Rs.600 crore, on a private placement basis, pursuant to a special resolution passed by the shareholders of the Company at its 12th Annual General Meeting held on September 29, 2018, on the terms and conditions as mentioned below:
1. Issue Size: Upto Rs. 600 crore
2. Mode of Issue: Private Placement
3. Listing: BSE and/or NSE
4. Tenor: Upto 36 Months
5. Secured / Unsecured: Secured
6. Rating of the Instrument: 'BWR AA- (Double A Minus)' by Brickwork Ratings
Shares of INDIABULLS REAL ESTATE LTD. was last trading in BSE at Rs.86.7 as compared to the previous close of Rs. 90.1. The total number of shares traded during the day was 640668 in over 2719 trades.
The stock hit an intraday high of Rs. 88.75 and intraday low of 85.95. The net turnover during the day was Rs. 55578366.