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| Exchange Disseminated Time 10/08/2016 16:32:33 | | Indiabulls Ventures Ltd has informed BSE that pursuant to and in terms of applicable provisions and shareholders' authorization, the Company has on August 10, 2016, issued and allotted an aggregate of 5,83,00,000 (Five Crores Eighty Three Lacs) Warrants, convertible into an equivalent number of equity shares of face value of Rs. 2 each of the Company, at an exercise price of Rs. 19.75 (including a premium of Rs. 17.75) per equity share to the Promoter Group entities, namely, Orthia Constructions Private Limited (2,80,00,000 warrants) and Zelkova Builders Private Limited (2,63,00,000 warrants) and Mr. Divyesh B. Shah, CEO & Whole-time Director of the Company (40,00,000 warrants). |
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