Latest News | Indiabulls Ventures Raises Rs 441 Crore from Ribbit Capital, Others
Get latest articles and stories on Latest News at LatestLY. Indiabulls Ventures on Tuesday said it has raised Rs 441 crore by selling shares to a clutch of investors, including American fintech investor Ribbit Capital.
New Delhi, Sep 29 (PTI) Indiabulls Ventures on Tuesday said it has raised Rs 441 crore by selling shares to a clutch of investors, including American fintech investor Ribbit Capital.
Other investors include New York Stock Exchange-listed Inteligo Bank, US-based First Royalty Ventures LLC and San Francisco-based TIMF Holdings, Indiabulls Ventures said in a regulatory filing.
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The board has approved allotment of an aggregate of 2.52 crore fully paid-up equity shares of the face value of Rs 2 each of the company at an issue price of Rs 175 for a Rs 2 paid-up share (including a premium of Rs 173 per share) for cash consideration, to certain foreign investors, it said.
Consequent to the said allotment, the paid-up equity share capital of the company stands increased.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)