On 11 June 2018
Indiabulls Ventures has issued and allotted 7,96,39,888 (Seven Crore Ninety Six Lacs Thirty Nine Thousand Eight Hundred Eighty Eight) fully paid up equity shares of face value Rs. 2/- each of the Company (''Equity Shares''), as under:i) an aggregate of 4,58,39,888 Equity Shares, to certain foreign companies and SEBI registered FPIs, at an issue price of Rs 450 (including a premium of Rs 448) per Equity Share, pursuant to shareholders' approval dated 31 May 2018; and
(ii) an aggregate of 3,38,00,000 Equity Shares to Inuus Properties and Inuus Developers, Promoters of the Company, at a conversion price of Rs 43.75 (including premium of Rs 41.75) per Equity Share, upon conversion of equivalent number of warrants, which were allotted to them pursuant to shareholders'' approval dated 25 April 2017.
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