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Indiabulls Ventures to raise up to 80B rupees of funds

Indiabulls Ventures Ltd. plans to raise up to 80 billion Indian rupees through the issuance of bonds, debentures, equity shares and other securities.

The securities can be issued on a private placement or public issue basis, as well as through a qualified institutional placement, the company said Aug. 14.

As of Aug. 14, US$1 was equivalent to 70.02 Indian rupees.