In a filing to the BSE, the company said it has "issued and allotted an aggregate of 3.67 crore equity shares of face value of Rs 2 each at the issue price of Rs 67 per share, and 4.36 crore warrants, convertible into equivalent number of equity shares of face value of Rs 2 each at an exercise price of Rs 67 per equity share to the promoter group entities namely, SG Infralands Pvt Ltd and SG Devbuild Pvt Ltd."
"Consequent to the said allotment, the paid-up equity share capital stands increased to Rs 92,33,55,478 divided into 46,16,77,739 equity shares of face value Rs 2 each," the filing added.
Last month, Indiabulls Real Estate's board had approved the preferential offer and issue of up to 3.67 crore shares and up to 4.36 crore warrants to the promoter group entities at an issue/conversion price of Rs 67 per share.
"The total equity investments by the promoters would amount to Rs 538 crore in the company, post conversion of warrants," it had said.
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