Indiabulls Ventures Limited approves allotment of 1250000 Equity Shares

Pursuant to the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that today i.e. March 10, 2017, Indiabulls Ventures Limited (formerly Indiabulls Securities Limited) ('the Company'), has issued and allotted 12,50,000 (Twelve Lacs Fifty Thousand) Equity shares of face value Rs. 2/- each, to an eligible employee upon exercise of options vested in his favour under - 'Indiabulls Ventures Limited Employees Stock Option Scheme - 2008'. Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased to Rs. 64,04,13,840/- divided into 32,02,06,920 Equity shares of face value Rs. 2/- each.

Shares of INDIABULLS SECURITIES LTD. was last trading in BSE at Rs.36.25 as compared to the previous close of Rs. 36.35. The total number of shares traded during the day was 283278 in over 758 trades.

The stock hit an intraday high of Rs. 37 and intraday low of 36. The net turnover during the day was Rs. 10327706.

Source : Equity Bulls

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