Athira Sethu
Kochi, 4 June 2026
Shares of Indiabulls are poised for attention as the company’s board approved a fundraising plan of approximately ₹1,000 crore through the issuance of convertible warrants. This move is aimed at bolstering the company’s capital, with the warrants being offered to both promoter and non-promoter group entities via a preferential private placement. The warrants can be converted into equity shares over an 18-month period, pending shareholder approval in an upcoming extraordinary general meeting (EGM).
Fundraising Details
| Parameter | Details |
| Fundraising Amount | ₹1,000.07 crore |
| Number of Warrants | Up to 51.55 crore |
| Issue Price per Warrant | ₹19.40 (includes ₹17.40 premium) |
| Conversion | Each warrant convertible into 1 fully paid-up equity share |
| Convertible Period | 18 months from allotment |
| Allotment Type | Preferential issue, private placement |
| Eligible Subscribers | Promoter and non-promoter group entities |
| Shareholder Approval | EGM scheduled for July 2, 2026 (via video/audiovisual conferencing) |
Stock Performance
| Parameter | Details |
| Closing Price (June 3, 2026) | ₹24.33 |
| Daily Change | +4.96% |
| 52-Week High | ₹24.33 |
| 52-Week Low | ₹8.90 (March 9, 2026) |
| Weekly Gain | +21% |
| Monthly Gain | +23% |
| Year-to-Date Gain | +42% |
| Market Capitalisation (June 3, 2026) | ₹5,655.22 crore |
| NSE Trading | National Stock Exchange |
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