Indiabulls Housing Finance informs about Qualified Institutional Placement

Sammaan Capital Ltd. | Finance - Housing | BFSI | BSE: 535789 | NSE: SAMMAANCAP

12 Sep 2015 Evaluate

Indiabulls Housing Finance has informed that subsequent to the approval accorded by the shareholders of the Company under Section 42, 62 and other applicable provisions and rules, if any, of the Companies Act, 2013 and the rules made there under and the applicable provisions of the SEBI Regulations, at the 10th Annual General Meeting held on September 7, 2015, to issue and allot the Equity Shares, the duly authorized Securities Issue Committee of the Board of Directors of the Company has, at its meeting held on September 11, 2015, passed resolutions in connection with declaring the closure of the Issue today, i.e. September 11, 2015; the Floor Price for the Issue was approved to be Rs 738.64 per Equity Share by the Securities Issue Committee by its resolution dated September 8, 2015. Considering a discount of up to 5% to the Floor Price (as authorised by the shareholders of the Company by its resolution dated September 7, 2015), the Securities Issue Committee approved the Issue price of Rs 702 in connection with the Issue, to be allotted to eligible qualified institutional buyers in the Issue; and approving and adopting the placement document dated September 11, 2015, in connection with the Issue (the Placement Document).

The above information is a part of company’s filings submitted to BSE.