Indiabulls Real Estate Limited approves allotment of 2055800 Equity Shares

Pursuant to the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that today i.e. May 8, 2017, Indiabulls Real Estate Limited ('the Company'), has issued and allotted 20,55,800 (Twenty Lac Fifty Five Thousand Eight Hundred) Equity shares of face value Rs. 2/- each, to eligible employees upon exercise of options vested in their favour under various ESOP Schemes of the Company.

Consequent to the said allotment, the paid-up Equity share capital of the Company stands increased from Rs. 94,52,36,678/- divided into 47,26,18,339 Equity shares of face value Rs.2/- each, to Rs. 94,93,48,278/- divided into 47,46,74,139 Equity shares of face value Rs.2/- each.

Shares of INDIABULLS REAL ESTATE LTD. was last trading in BSE at Rs.168.5 as compared to the previous close of Rs. 170.2. The total number of shares traded during the day was 3061898 in over 15201 trades.

The stock hit an intraday high of Rs. 174.2 and intraday low of 167.25. The net turnover during the day was Rs. 521831339.

Source : Equity Bulls

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