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Corporate Announcements

  • 07

    Mar
    2017

    Allotment of equity shares in the Company pursuant to conversion of warrants

    Sub :Allotment of equity shares in the Company pursuant to conversion of warrants

    Dear Sirs,

    Pursuant to applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that today i.e. March 7, 2017, Indiabulls Ventures Limited (formerly Indiabulls Securities Limited) (“the Company”) has issued and allotted an aggregate 2,46,50,000 (Two Crores Forty Six Lacs Fifty Thousand) Equity shares of face value Rs. 2/- each, to promoter group entities, upon exercise/conversion of equivalent number of warrants, which were allotted pursuant to and in terms of shareholders’ approval dated July 15, 2016.

    Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 63,79,13,840 divided into 31,89,56,920 equity shares of face value Rs. 2/- each.

    Please take the above information on record.

    Thanking you,

    Yours truly,

    For Indiabulls Ventures Limited (formerly Indiabulls Securities Limited)