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Indiabulls Limited allotted warrants to Promoter and Non-Promoter entities, raising Rs 250 crore
24-Sep-2026, 07:03
Indiabulls Limited has issued and allotted 51,55,00,000 warrants to Promoter Group entities Phanes Limited (22,52,50,000 warrants) and Hermes Limited (14,02,50,000 warrants), and Non-Promoter Group entities EBISU Global Opportunities Fund Limited (10,00,00,000 warrants) and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund (5,00,00,000 warrants), at an issue price of Rs 19.40 per warrant, convertible into fully paid-up equity shares, receiving Rs 250,01,75,000 as subscription money equivalent to 25% of the issue price.