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Indiabulls Financial Services raises $200 mn via QIB

Indiabulls Financial Services raises $200 mn via QIB
PTI
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First Published: Wed, Jul 22 2009. 05 46 PM IST
Updated: Wed, Jul 22 2009. 05 46 PM IST
Mumbai: Domestic financial services major Indiabulls Financial Services on Wednesday said it has raised nearly $200 million (about Rs966 crore) by private placement of shares with qualified institutional buyers (QIBs).
The company has issued 5,61,40,350 shares at Rs171 a piece aggregating to Rs960 crore, Indiabulls Financial Services said in a filing to the Bombay Stock Exchange (BSE).
“The board of directors at their meeting has decided to close the bid period and approve the issuance of shares,” the filing added.
Shares of Indiabulls Financial Services were trading at Rs184.65, up 0.41% on the BSE.
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First Published: Wed, Jul 22 2009. 05 46 PM IST