Crown Capital Ltd picks Indiabulls Financial shares at Rs.417

Indiabulls Financial Services Ltd has announced that the Board of Directors of the Company at its meeting held on September 29, 2006, has approved the draft notice containing the Special Resolution to be passed under Section 81(1A) of the Companies Act, 1956, through Postal Ballot, for the preferential issue of 72,50,000 Equity Shares of the Company of face value of Rs 2 each at an issue price of Rs 417 per share aggregating Rs 302.33 crores in favour of Crown Capital Ltd, a SEBI registered sub-account of Deutsche International Trust Corporation (Mauritius) Ltd, a foreign Institutional Investor (FII) registered with SEBI, Crown Capital Ltd is a wholly owned subsidiary of Sovereign Global Investment Ltd.

Source : Equity Bulls

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