Allotment of Equity Shares of the Company
Sub :Allotment of Equity Shares of the Company.
Pursuant to and in terms of shareholders’ approval dated May 22, 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. June 6, 2017, Indiabulls Ventures Limited (“the Company”) has issued and allotted an aggregate of 47,390,000 (Forty Seven Million Three Hundred Ninety Thousand) fully paid up equity shares of face value of Rs. 2/- each of the Company, at an issue price of Rs. 94.70 (including a premium of Rs. 92.70) per equity share, to Tamarind Capital Pte Ltd, a company incorporated in Singapore.
Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 881,264,804 divided into 440,632,402 equity shares of face value of Rs. 2/- each.
Please take the above information on record.
for Indiabulls Ventures Limited