The NBFC's gross non-performing asset ratio rose to 1.47 percent from 0.88 per cent and the net NPA ratio increased to 1.1 per cent from 0.69 per cent in March quarter.
The buyback is part of the company's $ 1.5 billion secured euro medium-term note programme
Indiabulls Housing Finance and Indiabulls Commercial Credit Limited (ICCL) are slated to merge with Lakshmi Vilas Bank Limited (LVB)
The company has already initiated the approval process with Reserve Bank for the early redemption of the masala bonds
Top court says matter to be listed only in July; Indiabulls claims petition was filed only to blackmail the company