Indiabulls Power Ltd allots 31 crore shares

On September 30, 2014, Indiabulls Power Ltd has issued and allotted, an aggregate 31,00,00,000 (Thirty One Crore) Equity shares of face value Rs. 10/- each, issued on preferential basis to a promoter group entity.

Consequent to the said issuance and allotment, the paid-up Equity Share Capital of the Company stands increased from Rs. 2642,93,33,530/- divided into 264,29,33,353 Equity shares of face value Rs. 10/- each to Rs. 2952,93,33,350/- divided into 295,29,33,353 Equity shares of face value Rs. 10/- each.

Shares of INDIABULLS POWER LTD. was last trading in BSE at Rs.12.58 as compared to the previous close of Rs. 12.91. The total number of shares traded during the day was 1138675 in over 2054 trades.

The stock hit an intraday high of Rs. 13.25 and intraday low of 12.42. The net turnover during the day was Rs. 14526321.

Source : Equity Bulls

Keywords