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Indiabulls HFC to buy back NCDs, masala bonds worth Rs 2,705 crore

Indiabulls Housing Finance and Indiabulls Commercial Credit Limited (ICCL) are slated to merge with Lakshmi Vilas Bank Limited (LVB)

Indiabulls Real Estate
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Photo: Twitter

Abhijeet Lele Mumbai
Taking advantage of a strong cash position on its balance sheet, Indiabulls Housing Finance has planned to buy back debentures and masala bonds worth Rs 2,705 crore maturing in September and October 2019.
 
It has already bought back non-convertible debentures worth Rs 2,173 crore maturing in July and August 2019.The company intends to buy out non-convertible debentures maturing in September 2019 aggregating to Rs 1,375 crore. These include Rs 660 crore of NCDs issued by way of public issue.
 
The company is also giving early redemption option to investors to buy back Rs 1,330 crore of masala bonds

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