A meeting of the board of directors of the company would be held on May 4, 2018, to consider and approve the preferential issue of equity shares of the company, to certain foreign investor(s), in accordance with applicable SEBI Regulations.
Shares of Indiabulls Ventures touched 52-week high of Rs 488.70, gaining 8.7 percent intraday Monday as company is going to consider preferential issue of equity shares.
A meeting of the board of directors of the company would be held on May 4, 2018, to consider and approve the preferential issue of equity shares of the company, to certain foreign investor(s), in accordance with applicable SEBI Regulations.
For prevention of insider trading of the company, the trading window for dealing in securities of the company has been closed, and shall remain closed till May 6, 2018.
The company has reported 12 percent rise in Q4 net profit at Rs 61 crore against Rs 54 crore in the same quarter last fiscal.
It has declared an interim dividend of Re 1 per fully paid up equity share and 25 paise per partly paid up equity share for the financial year 2018-19.
At 12:10 hrs Indiabulls Ventures was quoting at Rs 481.95, up Rs 32.35, or 7.20 percent on the BSE.
Posted by Rakesh Patil