For Foreign Currency Convertible Bonds FCCBs redemption on optional put date \29\ September, 2024, Indiabulls Housing Finance Limited (\Company\) has transferred the second tranche of the Reserve amount INR 291.49 Cr to the lender repayment trust. The Trustee in turn has created a fixed deposit FD using the Reserve amount with a Scheduled Commercial Bank, and such Reserve amounts shall be utilized for redemption of the FCCBs in compliance with applicable laws if the put option is exercised by the FCCBs holders.\r\n\r\nFixed Deposits aggregating to INR 583 Cr, now covers 50% FCCBs amount of September 2024 put option total outstanding issue of USD 135 Min.