Indiabulls Ventures planning QIP or rights issue to raise up to $462m

Indiabulls Ventures planning QIP or rights issue to raise up to $462m

Photo: Pradeep Gaur/Mint

The board of Indiabulls Ventures Ltd, the financial services arm of the Indiabulls Group, on Thursday approved raising as much as Rs3,000 crore either through a qualified institutional placement (QIP) or rights issue of shares, the company said in a filing with stock exchanges.

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