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Indiabulls Real Estate to issue NCDs worth Rs100cr; Stock climbs over 2%

The company proposes to issue NCDs of face value Rs10 lakh each on a private placement basis.

December 03, 2021 9:40 IST | India Infoline News Service
Indiabulls Real Estate Limited on Thursday has proposed to issue Secured, Redeemable, Non-Convertible Debentures of face value Rs10 lakh each aggregating up to Rs100cr, on a private placement basis, pursuant to a special resolution passed by the shareholders of the Company at its 15th Annual General Meeting held on September 30, 2021.

The secured NCDs will carry a base issue size of Rs75cr with a Green Shoe option of Rs25cr. The securities will be listed on the BSE and/ or NSE with a tenor of one year and one day.

At around 9.44 am, Indiabulls Real Estate Ltd was trading at Rs176 per piece up by Rs3.85 or 2.24% from its previous closing of Rs172.15 per piece on the BSE.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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