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Indiabulls Housing Finance redeems 7.25B rupees of debentures

Indiabulls Housing Finance Ltd. redeemed 7.25 billion Indian rupees worth of secured nonconvertible debentures prior to their maturity.

Except for the 8.55% debentures due March 2, 2020, all other debentures were due to mature later in 2019, the company said Jan. 8.

As of Jan. 8, US$1 was equivalent to 70.15 Indian rupees.