Indiabulls Ventures allots 47,390,000 equity shares

To Tamarind Capital

Indiabulls Ventures has issued and allotted an aggregate of 47,390,000 fully paid up equity shares of face value of Rs. 2/- each of the Company, at an issue price of Rs. 94.70 (including a premium of Rs. 92.70) per equity share, to Tamarind Capital, a company incorporated in Singapore.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 881,264,804 divided into 440,632,402 equity shares of face value of Rs. 2/- each.

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