Indiabulls Ventures Limited allots 10,76,363 CCDs

The Allotment Committee of the Board of Directors of Indiabulls Ventures Limited, in its meeting held today i.e. on December 13, 2018, which was commenced at 3:15 P.M. and concluded at 3:45 P.M., has issued and allotted an aggregate of 10,76,363 Compulsorily Convertible Debentures of face value of Rs. 550/- each ('CCDs'), for a value aggregating to approx. Rs. 59.20 Crores, to M/s DF International Private Partners III LP, a foreign investor.

Shares of Indiabulls Ventures Limited was last trading in BSE at Rs.401.6 as compared to the previous close of Rs. 395.75. The total number of shares traded during the day was 426504 in over 10681 trades.

The stock hit an intraday high of Rs. 429.9 and intraday low of 390.6. The net turnover during the day was Rs. 175248393.

Source : Equity Bulls

Keywords