InvestorQ : Is Indiabulls reducing its debt very sharply?
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Is Indiabulls reducing its debt very sharply?

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Juvina Maggie answered.
12 months ago
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Indiabulls Housing Finance has just recently repaid a sum of Rs.7,076 crore towards NCDs, issued by Indiabulls Housing and its subsidiary. Indiabulls has been in the midst of a rapid deleveraging of its balance sheet to improve its solvency, rating, performance and valuations. Indiabulls has also provided for 25% of the redemption amount of $350 million of bonds maturing in May 2022 and will provide 75% by Feb-22.

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