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Indiabulls Housing Finance redeems debentures

Indiabulls Housing Finance Ltd. said Oct. 5 that it redeemed 3.1 billion rupees worth of nonconvertible debentures.

The company redeemed 1.7 billion rupees of 8.78% debentures due Aug. 22, 2019. It also redeemed 1.25 billion rupees of 8.55% debentures due March 19, 2019, and 150 million rupees of 10% debentures due Sept. 29, 2019.

Further, the company has repurchased 15.05 billion rupees of commercial paper since Sept. 21.

As of Oct. 5, US$1 was equivalent to 74.03 Indian rupees.