Thursday, January 24, 2008

Indiabulls Real Estate - Allotment Of Equity Shares

Indiabulls Real Estate Ltd has informed that upon exercise of options vested in terms of Indiabulls Real Estate Ltd Employees Stock Option Scheme 2006 by eligible employees and receipt of exercise amount in full, the Board of Directors of the Company at its meeting held on January 23, 2008, has allotted an aggregate of 9,00,000 (Nine Lac) Equity Shares of face value Rs 2/- each to eligible employees.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company stands increased from Rs 47,98,70,132/- divided into 23,99,35,066 Equity Shares of face value Rs 2 each to Rs 48,16,70,132/- divided into 24,08,35,066 Equity Shares of face value Rs 2 each.

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