Indiabulls Limited to Raise ₹1000 Crore Via Convertible Warrants
Indiabulls Limited approved raising ₹1000.07 crore via preferential issue of 51.55 crore warrants at ₹19.40 each. The EGM to approve this is scheduled for July 2, 2026. Investors include Phanes Limited, Hermes Limited, EBISU Global Opportunities Fund, and Nyaasa Global Fund.
The fundraising amount of over ₹1000 crore is substantial and can have a significant impact on the company's financial structure, operational capacity, and future growth prospects.
The company is raising a significant amount of capital through a preferential issue, which is generally viewed positively as it can strengthen the company's financial position and fund growth initiatives.
Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) announced that its Board of Directors, in a meeting held on June 3, 2026, has approved the raising of funds up to an aggregate of ₹1000.07 crore.
This fundraise will be achieved through the issuance of up to 51,55,00,000 warrants, convertible into an equivalent number of fully paid-up equity shares. The issue price for each warrant is fixed at ₹19.40, which includes a premium of ₹17.40 per equity share. The warrants will be issued on a preferential basis through a private placement to entities within the Promoter Group and Non-Promoter Group.
The named investors include Phanes Limited and Hermes Limited from the Promoter Group, and EBISU Global Opportunities Fund Limited and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund from the Non-Promoter Group. Each warrant is convertible into one fully paid-up equity share and can be exercised within 18 months from the date of allotment.
To seek shareholder approval for this preferential issue, the Company will convene an Extra-ordinary General Meeting (EGM) on July 2, 2026, to be conducted through video conferencing and other audio-visual means.
What to do with a filing like this
Indiabulls Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Indiabulls Limited. Read the original for the full detail.