Indiabulls Commercial Credit Limited NCD

Indiabulls Commercial Credit Ltd is coming with a public issue of secured, redeemable non-convertible debentures of face value of Rs 1,000 each, for an amount upto Rs 1,000 crores (“base issue size”) with an option to retain over-subscription up to Rs 1,000 crores for issuance of additional NCDs aggregating up to Rs 2,000 crores.

The issue will open for subscription from September 11, 2018 to September 28, 2018 (The Issue shall remain open for subscription during the period indicated above except that the Issue may close on such earlier date or extended date as may be decided by Board of Directors of the Company ("Board") or the NCD Public Issue Committee). The company will be paying an interest ranging between 8.57% and 9.20% p.a. on these bonds.