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Indiabulls Housing Finance redeems debentures

Indiabulls Housing Finance Ltd. redeemed 1.25 billion Indian rupees of nonconvertible debentures.

The company said Dec. 22 that the 8.70% secured, redeemable debentures were issued Aug. 9, 2016, and are due for complete redemption March 9, 2018. The company said 250 million rupees of such debentures remains outstanding.

As of Dec. 25, US$1 was equivalent to 64.05 Indian rupees.