Indiabulls Housing Finance Limited allots 24,62,26,515 partly paid up Equity Shares on rights basis

Pursuant to the finalisation of the basis of allotment of the Rights Issue, in consultation with the National Stock Exchange of India Limited, designated stock exchange, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Incred Capital Wealth Portfolio Managers Private Limited, Lead Managers and KFIN Technologies Limited, Registrar to the Rights Issue, the Securities Issuance and Investment Committee of Indiabulls Housing Finance Limited, at its meeting held today, i.e., February 15, 2024, considered and approved the allotment of 24,62,26,515 partly paid up Equity Shares at a price of ₹150 per Rights Equity Share (including a premium of ₹148 per Rights Equity Share) [wherein the applicants were required to pay ₹50 per Equity Share on application (face value of ₹ 0.67 per Rights Equity Share and premium of ₹ 49.33 per Rights Equity Share) and the balance of ₹100 on subsequent call(s)] ("Allotment").

Accordingly, pursuant to the Allotment, the paid-up equity share capital of the Company has increased from ₹98,49,06,058 divided into 49,24,53,029 fully paid up Equity Shares of face value of ₹2 each to ₹114,98,77,823.05* divided into 49,24,53,029 fully paid up Equity Shares, of face value of ₹2 bearing ISIN INE148I01020 and 24,62,26,515 partly paid up Equity Shares having face value of ₹2 each (where the Applicants were required to pay face value of ₹ 0.67 per Rights Equity Share on Application and the balance face value of ₹1.33 on subsequent call(s)), bearing ISIN IN9148I01010).

*Not on fully diluted basis

Shares of Indiabulls Housing Finance Limited was last trading in BSE at Rs. 189.60 as compared to the previous close of Rs. 180.35. The total number of shares traded during the day was 1319531 in over 11227 trades.

The stock hit an intraday high of Rs. 191.00 and intraday low of 177.20. The net turnover during the day was Rs. 244207447.00.

Source : Equity Bulls

Keywords

IndiabullsHousingFinance INE148I01020 FundRaising RightsIssue PartlyPaidUpShares Allotment