Indiabulls Real Estate priced its US$ 360 million GDRs offering on the Luxembourg stock exchange at US$ 10.32 per GDR. Each GDR represents one equity share of the Company of nominal value Rs 2 each. The company has also granted an over-allotment option of up to US$ 40 million to Merill Lynch International.
NSE has banned building fresh derivatives positions in IFCI as 95% of market wide limit had reached in the stock. Trading in IFCI derivatives contracts will only be allowed to reduce positions. The scrip touched a high of Rs 63.40 and low of Rs 59.75 so far during the day. On BSE, 72.94 lakh shares were traded in the scrip.
The stock had average daily volume of 1.33 crore shares on BSE in past one quarter.
The company’s equity capital is Rs 639.99 crore, with 63.99 crore outstanding shares of a face value of Rs 10 each. The scrip gained 36% in one month to 3 July 2007 versus Sensex’s 2.14% rise. It added 98.11% in past three months against Sensex’s 15.80% rise.