Indiabulls Ventures is a renowned real estate in India. They offer limitless subscription-based trading plans with no brokerage or interest charges.
With SEBI, the organisation is registered as a Stock Broker, Depository Participant, Research Analyst, and Merchant Banker under Category I. The NSE code for Indiabulls Ventures is IBVENTURES, while the BSE code is 532960. As of March 31, 2018, the Indiabulls group has combined revenues of over Rs. 22,114.9 Cr. and PAT of over Rs. 6,072.2 Cr.
Indiabulls Ventures Buyback 2019 Offer Details:
| Buyback Record Date: | – |
| Board Meeting Approval: | 11-Oct-2019 |
| Public Announcement: | 11-Oct-2019 |
| Buyback Offer: | ₹1000 Crore |
| Buyback Offer Size: | 12.61% |
| Number of Shares: | 6,66,66,666 |
| Share Face Value: | ₹2 |
| Buyback Price: | ₹150 |
| Buyback Type: | Tender Offer |
At a price of $150 per equity share, Indiabulls Ventures purchased 6,66,66,666 equity shares, representing about 12.61% of all outstanding equity shares. The entire size of the buyback offer cannot exceed 1000 crores.
Indiabulls Ventures Buyback Eligible Share Holders:
Investors who have Indiabulls Ventures shares in their Demat account as of the record date are eligible for the buy back scheme. Investors can join in the Indiabulls Ventures Buyback 2019 plan by selling their shares using the opening form. The payment will be made in accordance with the accepted shares under the Indiabulls Ventures buyback scheme.
