Corporate News 22-Jun-12
Indiabulls Power allots equity shares
On 20 June 2012
The board of Indiabulls Power in its meeting on 20 June 2012 has issued and allotted an aggregate of 41,54,07,007 fully paid equity shares of face value Rs 10 each in the company, to the shareholders of Indiabulls Infrastructure Development (IIDL), in terms of the Court approved scheme of arrangement by and among the company, IIDL and their respective shareholders and creditors, which was approved by the Hon'ble High Court of Delhi, New Delhi vide its order dated 24 May 2012 and came into effect on 02 June 2012.
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