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We enclose hereto the Unaudited Standalone and Consolidated Financial Results of Indiabulls Real Estate Limited, for the quarter ended June 30, 2017, duly approved by the Board of Directors of the Company at its meeting held today i.e. July 24, 2017, which commenced at 11:45 A.M. and concluded at 01:05 P.M., alongwith Limited Review Reports dated July 24, 2017, issued by the Statutory Auditors of the Company. The Board, in the aforesaid meeting, has also authorised the Company to issue Non-Convertible Debentures upto INR 7,500 Crore, on private placement basis, in one or more tranches, from time to time. Further, in compliance of SEBI circular dated June 30, 2017, the Board has also recommended to amend the Articles of Association, subject to approval of its Members at the ensuing AGM, to capture enabling provisions in its Articles of Association to carry out any consolidation and re-issuance of debt securities, in terms of Regulation 20A of the SEBI Debt Listing Regulations.
Source : BSE - www.bseindia.com
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