Indiabulls Financial Services has informed that in terms of shareholders' authorisation through a Postal Ballot on May 27, 2012, the board of directors of the company has, at its meeting held on June 9, 2012, issued and allotted an aggregate of 2,07,00,000 warrants. Such warrants are convertible into an equivalent number of equity shares of face value Rs. 2 each, in the company, within a period of eighteen months from the date of allotment.
The above information is a part of company's filings submitted to BSE
