Saturday, July 18, 2009

Indiabulls Financial Services To Raise Funds Of Equity Share - July 18, 2009

The members of Indiabulls Financial Services have accorded their consent to issue and allot equity shares or FCDs / PCDs or any other securities (other than warrants), which are convertible into or exchangeable with the equity shares of the company for an amount up to US$ 200 million to Qualified Institutional Buyers pursuant to a Qualified Institutions Placement.

This was accorded at the extraordinary general meeting held on 18 July 2009.

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