Indiabulls Ventures share price sinks 16% after 3 directors resign last week
The broking services provider informed exchanges that Prem Prakash Mirdha and Ajit Kumar Mittal have resigned from their directorship w.e.f. September 23, 2017.
Moneycontrol News
Indiabulls Ventures share price plunged 16.5 percent intraday Monday following resignation from its two directors.
The broking services provider informed exchanges that Prem Prakash Mirdha and Ajit Kumar Mittal have resigned from their directorship w.e.f. September 23, 2017.
Ajit Kumar Mittal worked with the company as a non-executive director and Prem Prakash Mirdha as non-executive independent director.
In addition, Aishwarya Katoch also resigned as non-executive independent director of the company w.e.f. September 18.
All these directors resigned due to their existing personal commitments, the company said.
Meanwhile, the board of directors, on September 21, approved the option of raising funds up to Rs 3,000 crore, by way of issue of equity shares to the existing shareholders on a rights basis and/or issue of equity shares or any other permissible securities convertible into equity shares of the company to qualified institutional buyers.
At 11:50 hours IST, the stock price was quoting at Rs 226.00, down Rs 13.40, or 5.60 percent on the BSE.
