Indiabulls Ltd Clarifies Preferential Issue Shareholding

Indiabulls Ltd has provided a clarification to the stock exchanges regarding its in-principle application for a preferential issue. The filing includes updated pre-issue and post-issue shareholding patterns on a fully diluted basis. The post-issue shareholding assumes full subscription and conversion of warrants and full exercise of outstanding ESOPs. The total promoter and promoter group holding is expected to increase to 39.49% from 32.91%, while public shareholding is projected to decrease from 63.18% to 57.34%. The company also referenced a corrigendum to its Valuation Report.