Indiabulls Real Estate has raised Rs 538 crore by allotting over 8 crore securities, including equity shares, to promoter group companies. The fund is being raised to augment the long-term resources for meeting funding requirements for its business purposes.
The company has issued and allotted an aggregate of 3.67 crore equity shares of face value of Rs 2 each at the issue price of Rs 67 per share, and 4.36 crore warrants, convertible into equivalent number of equity shares of face value of Rs 2 each at an exercise price of Rs 67 per equity share to the promoter group entities namely, SG Infralands and SG Devbuild.
Indiabulls Real Estate is one of the largest real estate company in India with development projects spread across high-end office and commercial complexes, premium residential developments, mega townships, retail spaces, hotel and resorts, state of the art special economic zones and infrastructure development.
| Company Name | CMP |
|---|---|
| Lodha Developers | 1178.10 |
| Dilip Buildcon | 407.65 |
| Sobha | 1495.15 |
| Oberoi Realty | 1864.15 |
| Ahluwalia Contract(I | 864.80 |
| View more.. | |
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