Brief: Indiabulls Consumer Finance Opens Public Issue Of NCDs With Base Issue Size Of 2.50 Bln Rupees

Dhani Services

04/02/2019 08:55

Feb 4 (Reuters) - Indiabulls Ventures Ltd  INDB.NS :
    * INDIABULLS CONSUMER FINANCE - PUBLIC ISSUE OF NCDS WITH
BASE
ISSUE SIZE OF 2.50 BILLION RUPEES, OPTION TO RETAIN
OVERSUBSCRIPTION OF 27.50 BILLION RUPEES

Source text - Indiabulls Consumer Finance Limited (IBCFL), 100%
subsidiary of Indiabulls Ventures Limited (IBVL) is opening a
public issue of Secured Non-Convertible Debentures (NCDs) with a
base issue size of ₹ 250 crore and an option to retain
oversubscription of another ₹ 2,750 crore which is within the
shelf limit of ₹ 3,000 crore on February 04, 2019. Allotment in
the issue is on a first come first serve basis. 
Further company coverage:  INDB.NS 

 ((Reuters.Briefs@thomsonreuters.com;))