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Indiabulls Consumer Finance to raise 30B rupees via debentures

Indiabulls Consumer Finance plans to raise 30 billion Indian rupees by issuing nonconvertible debentures, The Hindu Business Line reported Jan. 14, citing a stock exchange notice.

The issuance is subject to necessary approvals.

Indiabulls Consumer Finance is a unit of Indiabulls Ventures Ltd.

As of Jan. 14, US$1 was equivalent to 70.78 Indian rupees.