Indiabulls Housing Finance has informed that subsequent to the approval accorded by the shareholders of the Company under Section 42, 62 and other applicable provisions and rules, if any, of the Companies Act, 2013 and the rules made there under and the applicable provisions of the SEBI Regulations, at the 10th Annual General Meeting held on September 07, 2015, to issue and allot the Equity Shares, the duly authorized Securities Issue Committee of the Board of Directors of the Company has, at its meeting on September 15, 2015, approved the issue and allotment of 56,934,372 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 702 per Equity Share, aggregating to approximately Rs. 39,967.9 million under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made there under).
The above information is a part of company’s filings submitted to BSE.
