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BRIEF-Indiabulls Ventures approves preferential issue of convertible warrants to promoter group companies
March 28, 2017 / 11:17 AM / 4 months ago

BRIEF-Indiabulls Ventures approves preferential issue of convertible warrants to promoter group companies

1 Min Read

March 28 (Reuters) - Indiabulls Ventures Ltd:

* Approved preferential offer and issue of up to 33.8 million convertible warrants to Inuus Properties and Inuus Developers

* Warrants are convertible into equivalent number of equity shares of INR 2 each at an exercise price of INR 43.75 per share

* Total equity investments by the two investors would aggregate upto 1.48 billion rupees in co, post conversion of warrants Source text: bit.ly/2o1GfMu Further company coverage:

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