Indiabulls Housing Finance said on Friday it will buy back bonds worth up to $50 million (around ₹348 crore), which is a part of its $1.5 billion bond programme.
“The company will be doing a buyback of up to $50 million of the $350 million 6.375 per cent notes issued by the company,” it said in a regulatory filing.
The buyback is part of the company’s $1.5 billion (around₹10,398 crore) secured euro medium-term note programme, it said.
The buyback will be done upon receipt of necessary regulatory approval, it added.
Stock of Indiabulls Housing was trading 1.02 per cent down at₹516.35 on the BSE.
Source: Mint