IFLR1000

Indiabulls Ventures Re20 billion rights issue

31/1/2018
Share offer, Rights issue
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Re 20 billion

$ 311 million

Announced

31/1/2018

Overview:

  • Indiabulls Ventures has undertaken a Re20 billion rights issue.
  • The company has issued 83,333,333 equity shares, face valued at Re2 each of the company for cash at a price of Re240.
  • Axis Capital has acted as lead manager.

Katrin Kostadinova - Data analyst 

Jurisdiction:

India

Deal types:

Share offer
Rights issue

Practice area:

Capital markets : Equity

Governing law:

India

Industry sector:

Financial services

Firm:
AZB & Partners

Party: AXIS Capital (Lead manager)

Lawyers: Lionel D'Almeida, Varoon Chandra

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