Brief: Indiabulls Ventures approves preferential issue of convertible warrants to promoter group companies

Dhani Services

28/03/2017 12:10

March 28 (Reuters) - Indiabulls Ventures Ltd  INDB.NS : 
    * Approved preferential offer and issue of up to 33.8 
million convertible warrants to Inuus Properties and Inuus 
Developers 
    * Warrants are convertible into equivalent number of equity 
shares of INR 2 each at an exercise price of INR 43.75 per share 
    * Total equity investments by the two investors would 
aggregate upto 1.48 billion rupees in co, post conversion of 
warrants 
 
Source text: http://bit.ly/2o1GfMu 
Further company coverage:  INDB.NS  
 
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