Corporate News     10-Apr-17
Indiabulls Ventures allots 33,650,000 equity shares
On conversion of warrants
Indiabulls Ventures has issued and allotted an aggregate of 33,650,000 fully paid up equity shares of face value of Rs. 2/- each, to promoter group entities (29,650,000 equity shares) and to CEO & Whole-time Director (4,000,000 equity shares), of the Company, upon exercise/conversion of equivalent number of warrants, which were allotted to them pursuant to and in terms of shareholders' approval dated 15 July 2016. Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 707,713,840 divided into 353,856,920 equity shares of face value of Rs. 2/- each.
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