Indiabulls Financial to raise up to 4.5 billion rupees via share sale
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)
- Tweet this
- Share this
- Digg this
U.S. President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday plan to discuss issues ranging from manufacturing to sanitation as the two leaders aim to deepen ties. Story | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article