Indiabulls Housing Finance soars 3% after allotment of equity shares pursuant to conversion of FCCBs

The company allots over 31 lakh fully paid equity shares of face value Rs2/- each.

December 21, 2021 10:48 IST | India Infoline News Service
Indiabulls Housing Finance
Indiabulls Housing Finance Limited on Monday issued and allotted 31,03,976 Fully Paid Equity shares of face value Rs2/- each,
(a) at a conversion price of Rs230.14 (including a premium of Rs228.14) per Equity Share for 78,850 Equity Shares under FCCB1, and
(b) at a conversion price of Rs243.05 (including a premium of Rs241.05) per Equity Share for 30,25,126 Equity Shares under FCCB2, to the holder of such FCCBs.

At around 10.52 am, Indiabulls Housing Finance Ltd was trading at Rs223.70 per piece up by Rs6.45 or 2.97% from its previous closing of Rs217.25 per piece on the BSE.

“The allotment was consequent upon the conversion of FCCBs in terms of the offering circular dated February 25, 2021, and September 21, 2021 and pursuant to receipt of notice for conversion of FCCBs, for a principle value USD 10,250,000 the company,” company said in a filing.

The paid-up Equity Share Capital of the company stands increased to Rs93,10,63,456 divided into 46,55,31,728 Fully Paid Equity Shares of face value Rs2/- each and outstanding principal value of FCCBs, as listed at Singapore Exchange Securities Trading Limited under
(a) FCCB1, stands reduced from USD 149,750,000 to USD 149,500,000 and
(b) FCCB2, stands reduced from USD 165,000,000 to USD 155,000,000.

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