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Prospect News home > News index > List of issuers I > Headlines for Indiabulls Financial Services Ltd. > News item
Published on 3/7/2008 in the Prospect News Convertibles Daily.

Indiabulls gets shareholder OK for up to Rs. 40 billion in convertibles

By Devika Patel

Knoxville, Tenn., March 7 - Indiabulls Financial Services Ltd. informed the Bombay Stock Exchange that its shareholders approved plans to issue up to Rs. 40 billion in foreign currency convertible bonds or convertible debentures in a postal ballot.

The company also is considering issuing equity shares and non-convertible preference shares.

Indiabulls Financial Services is a retail financial services company based in New Delhi.


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