Indiabulls Ltd to Raise ₹1000 Cr via Warrants
Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) announced today that its Board of Directors has approved a fund-raising plan of up to INR 1000.07 crore. The funds will be raised through the issuance of up to 51,55,00,000 convertible warrants at an issue price of INR 19.40 each, on a preferential basis to Promoter Group Entities and Non-Promoter Group entities. These warrants are convertible into equity shares within 18 months. The company has also called for an Extraordinary General Meeting (EGM) on July 2, 2026, to seek shareholder approval for this preferential issue. The key investors include Phanes Limited, Hermes Limited, EBISU Global Opportunities Fund Limited, and Nyaasa Global Fund VCC — Nyaasa India EM Sub Fund.
Key Highlights
- Board approves fund raising of INR 1000.07 crore.
- Issuance of 51.55 crore warrants convertible to equity.
- Warrants to be issued on preferential basis at INR 19.40 each.
- EGM scheduled for July 2, 2026, for shareholder approval.
- Funds to be raised from Promoter and Non-Promoter Group entities.
Price Impact
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