Indiabulls Financial Services Limited has informed that in respect of issue of Equity Shares of face value Rs 2 each in the Company (Equity Share) to QIBs under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines, up to an amount of USD 200 million (United States Dollars Two Hundred Million) or its Indian Rupee equivalent, the duly authorised Committee of the Board of Directors of the Company has, at its meeting held on July 21, 2009, decided to close the bid period, and approved the issuance of up to 5,61,40,350 Equity Shares at a price of Rs 171/- per Equity Share (including a premium of Rs 169/- per Equity Share), aggregating to Rs 959,99,99,850 (Rupees. Nine Hundred Fifty Nine Crore, Ninety Nine Lacs, Ninety Nine Thousand, Eight Hundred and Fifty only).
The Company has submitted to BSE a copy of the Resolution passed by the Committee on July 21, 2009.
Further the Company has informed that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Clause 13A.3.1 of Chapter XIII-A of SEBI Guidelines is Rs 170.33 per Equity Share, and the Relevant Date for this purpose, in terms of Clause 13A.3.1(a) of Chapter XIII-A of SEBI Guidelines, is July 20, 2009.
The Company has submitted to BSE a copy of the Resolution passed by the Committee on July 21, 2009.
Further the Company has informed that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Clause 13A.3.1 of Chapter XIII-A of SEBI Guidelines is Rs 170.33 per Equity Share, and the Relevant Date for this purpose, in terms of Clause 13A.3.1(a) of Chapter XIII-A of SEBI Guidelines, is July 20, 2009.
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