The board cleared issuance of up to 51.55 crore warrants convertible into an equal number of fully paid-up equity shares at an issue price of ₹19.40 per share, including a premium of ₹17.40.
The warrants will be issued to the promoter group and non-promoter entities under a private placement structure. The total proposed issuance includes participation from four investors.
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Phanes Ltd, a promoter group entity, will subscribe to 22.52 crore warrants, while Hermes Ltd will subscribe to 14.02 crore warrants. Among non-promoter entities, EBISU Global Opportunities Fund Ltd will receive 10 crore warrants, and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund will receive 5 crore warrants.
Post-allotment, assuming full subscription, promoter and investor holdings will reflect the above allocations, with prior holdings reported as nil for all subscribing entities. Each warrant will be convertible into one equity share and may be exercised in one or more tranches within 18 months from the date of allotment.
Indiabulls Ltd has reported a net profit of ₹194.26 crore for the quarter ended in March 2026. The company had posted a net loss of ₹164.17 crore in the year-ago period.
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Total income more than doubled to ₹418.39 crore in the fourth quarter of 2025-26 fiscal from ₹149.15 crore in the corresponding period of the preceding year, according to a regulatory filing.
During the 2025-26 financial year, the net profit stood at ₹346.13 crore as against a net loss of ₹272.73 crore. Total income jumped to ₹880.78 crore in the last fiscal from ₹539.95 crore in the 2024-25 financial year.
For the full 2025-26, the company recorded sales bookings of ₹2,752 crore, with 909 units and 21.6 lakh sq ft of area sold. The company’s residential portfolio is focused on the ₹2 to ₹6 crore ticket size segment across luxury and mid-income categories in Delhi NCR, Mumbai and Ludhiana.
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Shares of Indiabulls Ltd ended at ₹24.27, up by ₹1.15, or 4.97%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
