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Indiabulls Housing Finance allots debentures in private placement

Indiabulls HousingFinance Ltd. said April 11 that it allotted 370 million rupees of redeemabledebentures in a private placement.

The secured nonconvertible bonds have a face value of 1 millionrupees each. The debt will mature April 15, 2019, the company said.

As of April 13, US$1 wasequivalent to 66.50 Indian rupees.