Indiabulls Financial to raise up to 4.5 billion rupees via share sale

MUMBAI Thu Feb 7, 2013 5:03pm IST

Related Topics

Stocks

   

MUMBAI (Reuters) - Indiabulls Financial Services Ltd (IBUL.NS) has launched a share sale for institutional investors to raise up to 4.48 billion rupees, according to a term sheet obtained by Reuters.

Indiabulls will sell shares at a price range of 283.5 rupees to 298.5 rupees, up to 5 percent discount to its Thursday's close, as per the document.

Bank of America Merrill Lynch is the sole book runner to the transaction.

(Reporting by Abhishek Vishnoi and Indulal PM; Editing by Anand Basu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

FCI Revamp

FCI Revamp

Govt begins revamp of Food Corporation of India to cut waste, tame prices  Full Article 

Banking Fraud

Banking Fraud

Govt probing alleged fraud in two state-run bank branches   Full Article 

New Metro Rail

New Metro Rail

Cabinet approves $1.4 bln new metro rail project   Full Article 

Gold Stagnation

Gold Stagnation

Fading volatility promises long period of gold stagnation  Full Article 

Rupee Gains

Rupee Gains

Rupee hits 3-week high on debt-related dollar inflows  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage