Indiabulls Infrastructure and Power Ltd allots 53501080 Equity Shares

On September 16, 2014, Indiabulls Infrastructure and Power Ltd has issued and allotted an aggregate of 5,35,01,080 (Five Crore Thirty Five Lacs One Thousand Eighty) Equity shares of face value Rs. 2/- each, against conversion of an equivalent number of warrants.

Consequent to the said issuance and allotment, the paid-up Equity Share Capital of the Company stands increased from Rs. 254,59,13,360/- divided into 127,29,56,680 Equity shares of face value Rs. 2/- each to Rs. 265,29,15,520/- divided into 132,64,57,760 Equity shares of face value Rs. 2/- each.

Shares of INDIABULLS INFRASTRUCTURE AND POWER LTD. was last trading in BSE at Rs.4.83 as compared to the previous close of Rs. 4.86. The total number of shares traded during the day was 565284 in over 414 trades.

The stock hit an intraday high of Rs. 5.09 and intraday low of 4.8. The net turnover during the day was Rs. 2762350.

Source : Equity Bulls

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