Indiabulls Shares in Focus as Company Prepares to Raise Rs 1,000 Crore via Convertible Warrants

Indiabulls Shares in Focus After Board Approves ₹1,000.07 Crore Fundraise

The board of Indiabulls has approved a fundraise of up to ₹1,000.07 crore through the issuance of convertible warrants on a preferential basis. The move is expected to keep the company's shares in focus in the coming days.

At its meeting held on June 3, 2026, the board approved the issuance of up to 51.55 crore warrants at an issue price of ₹19.40 apiece. The warrants will be convertible into an equivalent number of fully paid-up equity shares of the company. The proposed allotment will be made to promoter group entities as well as select non-promoter investors through a preferential issue on a private placement basis. The fundraise is subject to shareholder and regulatory approvals, wherever applicable.

In the previous trading session, the share closed at Rs 24.27, up Rs 1.15, or 4.97 percent. The share touched a 52-week high of Rs 24.27 and a 52-week low of Rs 8.93 on 03 June, 2026 and 25 February, 2026, respectively. Currently, the stock is trading 0 percent below its 52-week high and 171.78 percent above its 52-week low.

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The market capitalisation of the company stands at Rs 5,641.28 crore. The company had reported a significant turnaround in its financial performance, with total income more than doubling to Rs 418.39 crore in the fourth quarter of 2025-26 fiscal from Rs 149.15 crore in the corresponding period of the preceding year.