Indiabulls Real Estate plans Rs 2,322-cr pref issue (The Hindu)

CHENNAI: Indiabulls Real Estate Ltd has informed the BSE that the board of directors, at a meeting on September 25, decided to obtain the approval of the members of the company through postal ballot for issue of up to 4.3 crore fully convertible warrants to the promoters and directors of the company on a preferential basis for a sum of Rs 2,322 crore.