On preferential basis
Indiabulls Power announced that on 30 September 2014, the Company has issued and allotted, an aggregate 31,00,00,000 (Thirty One Crore) Equity shares of face value Rs. 10/- each, issued on preferential basis to a promoter group entity.Consequent to the said issuance and allotment, the paid-up Equity Share Capital of the Company stands increased from Rs. 2642,93,33,530/- divided into 264,29,33,353 Equity shares of face value Rs. 10/- each to Rs. 2952,93,33,350/- divided into 295,29,33,353 Equity shares of face value Rs. 10/- each.
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