Indiabulls Shares Hit 5% Upper Circuit; Check Details Here

The warrants will be issued at ₹19.40 per warrant, including a premium of ₹17.40 per equity share, taking the total fundraising size to approximately ₹1,000.07 crore. Each warrant will be convertible into one fully paid-up equity share of the company and may be exercised in one or more tranches within 18 months from the date of allotment.

Promoter Group Reaffirms Confidence

A significant portion of the proposed preferential issue will be subscribed by promoter group entities, reflecting continued promoter confidence in the company’s growth prospects.

Under the approved allotment, Phanes Limited will receive 22.52 crore warrants, while Hermes Limited has been allotted 14.02 crore warrants.

Institutional Investors Participate

Apart from promoter entities, the fundraising has also attracted institutional investors.

EBISU Global Opportunities Fund Limited is set to receive 10 crore warrants, while Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund will be allotted 5 crore warrants under the preferential issue. Upon full conversion, these investors will collectively hold equity shares arising from the exercise of the allotted warrants.

Shareholder Approval Required

The proposed preferential allotment is subject to shareholder approval and necessary regulatory clearances.

To obtain shareholder consent, the company has scheduled an Extraordinary General Meeting (EGM) on July 2, 2026, which will be conducted through video conferencing or other audio-visual means. The company said the issue will comply with the provisions of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Capital Base Set to Strengthen

The company believes the proposed capital infusion will strengthen its equity base, improve financial flexibility, and support future growth initiatives. The fundraising will be undertaken through the private placement route with participation from both promoter and non-promoter investors.

About Indiabulls

Indiabulls Ltd is part of the Indiabulls Group and operates across diversified business segments through its subsidiaries and investments. The company continues to explore strategic capital allocation opportunities and business expansion initiatives while strengthening its balance sheet through equity fundraising.