On 22 July 2015
Indiabulls Real Estate announced that pursuant to and in terms of applicable provisions and shareholders' authorization, the Company has on 22 July 2015, issued and allotted an aggregate of 3,67,00,000 equity shares of face value of Rs. 2 each of the Company at the issue price of Rs. 67 (including a premium of Rs. 65) per equity share, and an aggregate of 4,36,00,000 Warrants, convertible into equivalent number of equity shares of face value of Rs. 2 each of the Company at an exercise price of Rs.67 (including a premium of Rs. 65) per equity share to the Promoter Group entities namely, SG Infralands and SG Devbuild.Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased to Rs. 92,33,55,478 /- divided into 46,16,77,739 Equity shares of face value Rs. 2/- each.
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