Domestic financial services major Indiabulls Financial Services today said it has raised nearly $200 million (about 966 crore) by private placement of shares with qualified institutional buyers (QIBs).

 The company has issued 5,61,40,350 shares at Rs 171 a piece aggregating to Rs 960 crore, Indiabulls Financial Services said in a filing to the Bombay Stock Exchange (BSE).

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Shares of Indiabulls Financial Services were trading at Rs 184.65, up 0.41 per cent on the BSE.

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