Board Meeting3 Jun 2026, 05:32 pm
Indiabulls Ltd Raises ₹1000 Cr via Warrants
AI Summary
Indiabulls Limited's Board of Directors has approved a fund-raising plan of up to INR 1000.07 crore through the issuance of convertible warrants on a preferential basis. The company will issue up to 51,55,00,000 warrants, convertible into equity shares, at an issue price of INR 19.40 each. These warrants will be issued to Promoter Group Entities and Non-Promoter Group entities. The company plans to convene an Extraordinary General Meeting (EGM) on July 2, 2026, to seek shareholder approval for this preferential issue.
Key Highlights
- Company approved fund raising of INR 1000.07 crore.
- Issuance of 51.55 crore warrants convertible into equity.
- Warrants to be issued at INR 19.40 each on preferential basis.
- Shareholder approval to be sought at EGM on July 2, 2026.
Price Impact
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