The board of directors of Indiabulls Consumer Finance (formerly IVL Finance and Shivshakti Financial Services), on Monday, approved a proposal for raising ₹3,000 crore by way of private placement and / or public issue of secured redeemable non-convertible debentures (NCDs) and / or unsecured redeemable NCDs in the nature of subordinated debt, subject to receipt of necessary approvals. The NCDs are proposed to be listed on the NSE and / or the BSE or any other stock exchange, as may be decided by the board of directors or the Bond Issue Committee, the company said in a stock exchange notice. Our Bureau