Indiabulls Ventures Ltd allots 10,76,363 shares

Indiabulls Ventures Limited has issued and allotted an aggregate of 10,76,363 (Ten Lacs Seventy Six Thousand Three Hundred Sixty Three) fully paid up equity shares of face value of Rs. 2/- each of the Company ('Equity Shares'), at a price of Rs. 550/- per Equity Share, (including a premium of Rs. 548 per Equity Share) upon conversion of equivalent number of CCDs to M/s DF International Private Partners III LP, a foreign investor, which were allotted to it pursuant to and in terms of shareholders' approval dated November 28, 2018.

Consequent to the said allotment, the paid-up equity share capital of the Company stands increased to Rs. 107,81,98,237.60 divided into 49,35,14,892 Fully Paid-up Equity shares of face value Rs. 2/- each and 8,28,03,864 Partly Paid up Equity Shares (PPS) of face value of Rs.2/- each (Paid-up value Rs.1.10 per PPS) and 1,05,254 PPS of face value of Rs.2/- each (Paid-up value Re.0.80 per PPS).

Shares of Indiabulls Ventures Limited was last trading in BSE at Rs.85.45 as compared to the previous close of Rs. 88.15. The total number of shares traded during the day was 188162 in over 664 trades.

The stock hit an intraday high of Rs. 87.7 and intraday low of 83.75. The net turnover during the day was Rs. 16066722.

Source : Equity Bulls

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