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The committee of the board of directors approved allotment of over 5.61 crore equity shares with Rs 2 face value at a price of Rs 171 per share, Indiabulls Financial Services said in a filing to the Bombay Stock Exchange.
Consequent to the latest allotment, the paid-up equity capital of the firm stands increased to over Rs 61.95 crore divided into 30.97 crore equity shares of Rs 2 each, it said.
The shareholders had already approved the allotment to QIBs under qualified institutions placement as per SEBI Guidelines at its extraordinary general meeting on July 18, it said.
(PTI)maz
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