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Indiabulls Vent

11th-Oct-2019 11:27Source: NSE

Indiabulls Ventures Limited

Indiabulls Ventures Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 11, 2019 has approved a proposal of Rs. 1,000 Crores of buyback (hereinafter referred to as the Buyback Size) of upto 6,66,66,666 Fully Paid-up Equity Shares having Face Value Rs. 2/- each of the Company, representing 12.61% of its total existing fully paid-up equity capital ("Equity Shares") at Rs. 150/- per Equity Share (hereinafter the Buyback Price), through the Tender Offer route, as prescribed under SEBI (Buy-Back of Securities) Regulations, 2018 (Buyback Regulations) and the Companies Act, 2013 and rules made thereunder, as amended (hereinafter referred to as the Buyback).

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