GURUGRAM, July 18, 2024 – Indiabulls Commercial Credit Limited (ICCL) announced today that it has successfully raised Rs. 40 Crore through a private placement of secured, redeemable, non-convertible debentures (NCDs).
The company issued 4,000 NCDs with a face value of Rs. 1 lakh each, carrying a coupon rate of 9.55% per annum payable annually. The NCDs have an 18-month maturity period, with redemption scheduled for January 16, 2026.
These NCDs are proposed to be listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited.
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