Corporate Announcement January 24, 2017
Sub: Intimation regarding extinguishment of Equity Shares, bought back by Indiabulls Real Estate Limited (the "Company") from January 11, 2017 till January 22, 2017, and consequent reduction in its Equity Share Capital
Dear Sirs,
Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in terms of Regulation 19(4) of SEBI (Buy Back of Securities) Regulations, 1998, as amended, we wish to inform that following a corporate action carried out on National Securities Depository Limited ("NSDL"), 40,00,000 Equity Shares of face value Rs. 2/- each, which were bought back by the Company from open market through Stock Exchanges during the period January 11, 2017 to January 22, 2017, have been extinguished on January 23, 2017. Consequently, the Issued and Paid- up Equity Share Capital of the Company stands reduced as stated under:
Issued and Paid-up Equity Share Capital before extinguishment | Rs. 98,33,28,678/- (comprising of 49,16,64,339 Equity Shares of face value Rs. 2/ - each) |
Total No. of Equity Shares, bought back by the Company from January 11, 2017 till January 22, 2017 and extinguished on January 23, 2017 | 40,00,000 |
Issued and Paid-up Equity share Capital after extinguishment | Rs. 97,53,28,678/- (comprising of 48,76,64,339 Equity Shares of face value Rs. 2/ - each) |
A copy of letter No. II/CA/COM/03122/2017 dated January 24, 2017 issued by NSDL in this connection is enclosed for your information and records.
Please take the above information on record.
Thanking you,
Yours truly
for Indiabulls Real Estate Limited
January 24, 2017
Luxembourg Stock Exchange LuxembourgSub: Intimation regarding extinguishment of Equity Shares, bought back by Indiabulls Real Estate Limited (the "Company") from January 11, 2017 till January 22, 2017, and consequent reduction in its Equity Share Capital
Dear Sirs,
We wish to inform that following a corporate action carried out on National Securities Depository Limited ("NSDL"), 40,00,000 Equity Shares of face value Rs. 2/- each, which were bought back by the Company from open market through Stock Exchanges during the period January 11, 2017 to January 22, 2017, have been extinguished on January 23, 2017. Consequently, the Issued and Paid- up Equity Share Capital of the Company stands reduced as stated under:
Issued and Paid-up Equity Share Capital before extinguishment | Rs. 98,33,28,678/- (comprising of 49,16,64,339 Equity Shares of face value Rs. 2/ - each) |
Total No. of Equity Shares, bought back by the Company from January 11, 2017 till January 22, 2017 and extinguished on January 23, 2017 | 40,00,000 |
Issued and Paid-up Equity share Capital after extinguishment | Rs. 97,53,28,678/- (comprising of 48,76,64,339 Equity Shares of face value Rs. 2/ - each) |
A copy of letter No. II/CA/COM/03122/2017 dated January 24, 2017 issued by NSDL in this connection is enclosed for your information and records.
Please take the above information on record.
Thanking you,
Yours truly
for Indiabulls Real Estate Limited
Indiabulls Real Estate Ltd. published this content on 24 January 2017 and is solely responsible for the information contained herein.
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