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    Outcome of Board Meeting of Indiabulls Ventures Limited (the Company), held on April 21, 2017

    Sub :Outcome of Board Meeting of Indiabulls Ventures Limited (the Company), held on April 21, 2017

    Dear Sirs,

    This is to inform you that to augment the long-term resources of the Company for meeting funding requirements for its business purposes, the Board of Directors of the Company, at its meeting held today, i.e. April 21, 2017 (which was commenced at 8:00 P.M. and concluded at 9:15 P.M.), has approved the preferential offer and issue of 47,390,000 (Forty Seven Million Three Hundred Ninety Thousand) equity shares at an issue price of Rs. 94.70 (including a premium of Rs. 92.70) per equity share, for cash consideration, to Tamarind Capital Pte Ltd, a company incorporated in Singapore, (“Investor”). The total equity investment by the Investor would aggregate to Rs. 4,487,833,000 (Rupees Four Billion Four Hundred Eighty Seven Million Eight Hundred Thirty Three Thousand) in the Company. The offer and issue of these equity shares is in accordance with Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended and other applicable provisions ofForeign Exchange Management Act, 1999 and rules and regulations framed thereunder and any other Rules / Regulations / Guidelines, if any, prescribed by any other Regulatory Authorities.

    For seeking shareholder’s approval, to the aforesaid issuance of equity shares, the Board has convened an Extraordinary General Meeting of its Shareholders on Monday, May 22, 2017.

    Please take the above information on record.

    Thanking you,

    Yours truly

    for Indiabulls Ventures Limited

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Indiabulls Ventures Limited. [Corporate Identification Number for IVL: L74999DL1995PLC069631]
SEBI Reg No: INZ000007534 | NSE Membership No: 08756 [CM, FNO, CDS] | BSE Membership No: 907 [CM, FNO]
Indiabulls Securities Limited (Formerly known as Indiabulls Commodities Limited) [Corporate Identification Number for ISL: U74999DL2003PLC122874]
SEBI Reg No: INZ000036136 | MCX: MEMBER CODE: 12835 | NCDEX: MEMBER CODE: 10
Registered office address: M - 62 & 63, First Floor, Connaught Place, New Delhi - 110001.
Correspondence office address: Indiabulls House, 448 – 451, Udyog Vihar, Phase – V, Gurgaon – 122016, Haryana.
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