'Clarification to Stock Exchanges on In-principle Application for Preferential Issue of the Company'
As filed · Indiabulls Limited has informed the Exchange regarding 'Clarification to Stock Exchanges on In-principle Application for Preferential Issue of the Company'.
CapitalWatchNotablemateriality 73 out of 100
What happened
FactIndiabulls Limited has applied for "In-principle approval" for the issue and allotment of 51,55,00,000 warrants, which will be convertible into an equivalent number of fully paid-up equity shares on a preferential basis. The pre-issue and post-issue shareholding pattern indicates an increase in the total promoters and promoter group holding from 32.91% to 39.49%. The filing also details the shareholding of non-promoters, which will change as a result of the proposed issuance.