Indiabulls Ventures Ltd approves allotment of Equity Shares on conversion of warrants

Today i.e. April 10, 2017, Indiabulls Ventures Limited ('the Company') has issued and allotted an aggregate of 33,650,000 (Thirty Three Million Six Hundred and Fifty Thousand ) fully paid up equity shares of face value of Rs. 2/- each, to promoter group entities (29,650,000 equity shares) and to CEO & Whole-time Director (4,000,000 equity shares), of the Company, upon exercise/conversion of equivalent number of warrants, which were allotted to them pursuant to and in terms of shareholders' approval dated July 15, 2016.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 707,713,840 divided into 353,856,920 equity shares of face value of Rs. 2/- each.

Shares of INDIABULLS SECURITIES LTD. was last trading in BSE at Rs.74.15 as compared to the previous close of Rs. 70.65. The total number of shares traded during the day was 2350055 in over 7726 trades.

The stock hit an intraday high of Rs. 74.15 and intraday low of 67.15. The net turnover during the day was Rs. 168049636.

Source : Equity Bulls

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