Indiabulls Ventures allots CCDs aggregating Rs 1480 crore

Indiabulls Ventures has allotted 2,69,09,089 Compulsorily Convertible Debentures of face value of Rs. 550/- each ('CCDs'), for a value aggregating to approx. Rs. 1480 crore, to certain foreign investors.

Upon conversion of these CCDs into an equivalent number of fully paid up Equity Shares of face value of Rs. 2/- each (at a premium of Rs. 548/- per Equity Share), the paid up share capital of the Company would stand increased to Rs. 1,164,118,368.10 divided into 548,939,979 fully-paid up Equity Shares of face value of Rs. 2 each and 82,547,512 partly-paid up Equity Shares with Rs 0.80 paid up and 400,801 partly-paid up Equity Shares with Rs 0.50 paid up.

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