Indiabulls Limited has announced its decision to raise funds amounting to ₹1000.07 crore through the issuance of convertible warrants. The Board of Directors, in a meeting held on June 3, 2026, approved the preferential issue of up to 51,55,00,000 warrants, convertible into an equivalent number of fully paid-up equity shares. The issue price for each warrant is fixed at ₹19.40, which includes a premium of ₹17.40 per share. The warrants will be issued on a private placement basis to promoter group entities, including Phanes Limited and Hermes Limited, and non-promoter group entities, such as EBISU Global Opportunities Fund Limited and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund. Each warrant is convertible into one fully paid-up equity share and can be exercised within 18 months from the date of allotment. The company has also approved the convening of an Extra-ordinary General Meeting (EGM) on July 2, 2026, to seek shareholders' approval for this preferential issue.
