Indiabulls shares focus as board approves ₹1,000 crore fundraiser via issuance of convertible warrants on preferential basis

In a regulatory filing dated June 3, the Gurgaon-based company stated that its board of directors approved raising funds up to an aggregate of ₹1,000.07 crore through the issue of an aggregate of up to 51.55 crore warrants.

The warrants will be convertible into an equivalent number of fully paid-up equity shares (warrants) at an issue price of ₹19.40 each, including a premium of ₹17.40 each equity share (issue price).

The convertible warrants will be issued to the promoter group entities of the company and the non-promoter group entities, by way of a preferential issue on a private placement basis.

Each of the warrants will be convertible into one fully paid-up equity share of Indiabulls and may be exercised in one or more tranches within a period of 18 months from the date of allotment of the warrants.

Aside from the fundraiser, the firm’s board of directors also approved the convening of an extraordinary general meeting of the shareholders (EGM) on July 2, 2026, through video conferencing or other audiovisual means for seeking shareholders’ approval of the preferential issue.

Indiabulls stock performance

Shares of Indiabulls closed 4.96% higher at ₹24.33 apiece on the National Stock Exchange (NSE) on Wednesday, June 3. However, the announcement was made after the market closed.

During the trading session on Wednesday, the scrip hit a 52-week high of ₹24.33 per equity share. It touched a year’s low of ₹8.90 per unit on March 9, 2026.

The stock has rallied 21% in the past week and 23% over the month. On a year-to-date basis, it has gained 42%.

Indiabulls has a total market capitalisation of ₹5,655.22 crore as of June 3, 2026, according to data on the NSE.