Indiabulls Real Estate Limited proposed to issue Secured, Redeemable, Non-Convertible Debentures of face value INR 1 million each aggregating upto INR 1,000 million, on a private placement basis, pursuant to a special resolution passed by the shareholders of the Company at its 15th Annual General Meeting held on September 30, 2021. Issue Size is Base issue size of INR 750 million.