Corporate Action-Intimation of Right issue

• Security Code: 532960
• Company: DHANI

Pre-Issue Advertisement- Issue of upto 83,333,333 partly paid up equity shares of face value of Rs. 2 each of Indiabulls Ventures Limited ('Company') for cash at a price of Rs. 240 (including a premium of Rs. 238) per equity share ('Rights Equity Shares') for an amount aggregating up to Rs. 20,000 million on a rights basis to the Eligible Equity Shareholders of the Company in the ratio of 3 Rights Equity Shares for every 16 fully paid-up equity shares held by such Eligible Equity Shareholders on the Record Date, i.e. on February 12, 2018 (the 'Rights Issue').

We wish to inform you that the Pre-Issue Advertisement (as attached) for the Rights Issue of Indiabulls Ventures Limited has been published in the following newspapers on Friday, February 16, 2018:

English national daily newspaper with wide circulation: Business Standard

Hindi national/Regional daily newspaper with wide circulation: Business Standard

We request you to kindly take this on record.