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Indiabulls Ventures Ltd.

BSE: 532960 Sector: Financials
NSE: IBVENTURES ISIN Code: INE274G01010
BSE LIVE 15:55 | 18 Aug 201.30 -1.80
(-0.89%)
OPEN

194.00

HIGH

202.90

LOW

194.00

NSE 15:55 | 18 Aug 201.15 -1.85
(-0.91%)
OPEN

200.50

HIGH

202.70

LOW

197.45

OPEN 194.00
PREVIOUS CLOSE 203.10
VOLUME 423771
52-Week high 215.20
52-Week low 18.50
P/E 209.69
Mkt Cap.(Rs cr) 8,906
Buy Price 0.00
Buy Qty 0.00
Sell Price 201.30
Sell Qty 260.00
OPEN 194.00
CLOSE 203.10
VOLUME 423771
52-Week high 215.20
52-Week low 18.50
P/E 209.69
Mkt Cap.(Rs cr) 8,906
Buy Price 0.00
Buy Qty 0.00
Sell Price 201.30
Sell Qty 260.00

Indiabulls Ventures Ltd. (IBVENTURES) - Chairman Speech

Company chairman speech

It’s been over a year since we were rechristened as Indiabulls Ventures Ltd. Thenew identity has positively changed the perception and the way the Company is now viewedwithin and outside.

The economy clocked in a robust 7.6% GDP growth which proved that the roadmap set bythe Modi Government in it’s first budget last year was a step in the right direction.The MAKE IN INDIA campaign and the slew of reforms aimed at enhancing ease of doingbusiness in India augurs well for the industries and economy. Amid global slowdown Indiais being hailed as the beacon of hope.

Capital Markets continued to be volatile and were rudely shaken by the crash in Chinaand devaluation of the Yuan. There is fear that situation may be worse than anticipated.FII’s have been withdrawing funds and the banking sector NPA woes remain unresolved.

The positives are the executive driven reforms higher government spending oninfrastructure and signs of improving urban consumption demand. Markets may continue to berange bound and will look towards a favorable monsoon and the US Fed rate hikeannouncements to chart a new course.

Your Company too was not insulated from these happenings and has faced marginpressures. It has been a challenging year for the Capital Market and the Distributionbusinesses. The Company has however made rapid strides in the commercial leasing business.As at end March 2016 the total leased area has gone up to 1.62 mn sq.ft. from 0.8 mn sq.ftat end March 2015. The full effect of this will bear fruit in the coming years. As theaffordable housing vision starts taking shape and the Real Estate Regulation Bill comesinto force your Company is well poised to reap the benefits.

Amidst the pressures the shareholders were rewarded by way of a pay-out of Rs 3/- pershare as Interim Dividends in aggregate on a face value of Rs 2/- per share for thefiscal year 2015-16.

Thanking you

Divyesh B. Shah

Whole-time Director & CEO