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NCDs: Equinox India entity raises Rs 950 crore via NCD issue

Mumbai: Equinox India Developments (formerly Indiabulls Real Estate) raised ₹950 crore on Thursday through non-convertible debentures (NCDs) to fund Indiabulls Greens & Park in Panvel.

The 48-month NCDs, issued by Lucina Land Development (LLDL), offer an interest rate of 13.00% and are backed…

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