Indiabulls Financial allots 21,056,661 shares for GDRs

Indiabulls Financial Services Ltd has announced that the Board of Directors of the Company at its meeting held on May 15, 2007 has allotted 21,056,661 Equity Shares of par value Rs 2 per share, as underlying shares representing 21,056,661 Global Depositary Receipts (GDRs), each GDR representing 1 equity share and priced at US$ 13.06.

The stock was trading at Rs.563.70, up by Rs.24.35 or 4.51%. The stock hit an intraday high of Rs.564.40 and low of Rs.537. The total traded quantity was 733955 compared to 2 week average of 2888877.

Source : Equity Bulls

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