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    HomeNewsBusinessCompaniesIndiabulls Financial to raise up to Rs 450cr via share sale

    Indiabulls Financial to raise up to Rs 450cr via share sale

    Indiabulls Financial Services Ltd has launched a share sale for institutional investors to raise up to Rs 448 crore, according to a term sheet obtained by Reuters.

    February 07, 2013 / 17:51 IST

    Indiabulls Financial Services Ltd has launched a share sale for institutional investors to raise up to Rs 448 crore, according to a term sheet obtained by Reuters.

    Indiabulls will sell shares at a price range of Rs 283.5 to Rs 298.5, up to 5 percent discount to its Thursday's close, as per the document.

    Bank of America Merrill Lynch is the sole book runner to the transaction.

    BofA-Merrill raises Indiabulls to 'buy'; stock gains

    first published: Feb 7, 2013 05:00 pm

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