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Corporate Announcements

  • 10


    Allotment of Equity Shares of the Company

    Sub :Allotment of Equity Shares of the Company

    Dear Sirs,

    Pursuant to and in terms of shareholders’ approval dated May 6, 2017, applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended, we wish to inform that today i.e. May 10, 2017, Indiabulls Ventures Limited (“the Company”) has issued and allotted an aggregate of 38,865,582 (Thirty Eight Million Eight Hundred Sixty Five Thousand and Five Hundred Eighty Two) fully paid up equity shares of face value of Rs. 2/- each of the Company, at an issue price of Rs. 58.40 (including a premium of Rs. 56.40) per equity share, to Cinnamon Capital Limited, a Category III foreign portfolio investor registered with the Securities and Exchange Board of India.

    Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 785,445,004 divided into 392,722,502 equity shares of face value of Rs. 2/- each.

    Please take the above information on record.

    Thanking you,

    Yours truly

    for Indiabulls Ventures Limited