Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) announced that its Board of Directors, in a meeting held on June 3, 2026, has approved the raising of funds up to an aggregate of ₹1000.07 crore. This fundraise will be achieved through the issuance of up to 51,55,00,000 warrants, convertible into an equivalent number of fully paid-up equity shares. The issue price for each warrant is fixed at ₹19.40, which includes a premium of ₹17.40 per equity share. The warrants will be issued on a preferential basis through a private placement to entities within the Promoter Group and Non-Promoter Group. The named investors include Phanes Limited and Hermes Limited from the Promoter Group, and EBISU Global Opportunities Fund Limited and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund from the Non-Promoter Group. Each warrant is convertible into one fully paid-up equity share and can be exercised within 18 months from the date of allotment. To seek shareholder approval for this preferential issue, the Company will convene an Extra-ordinary General Meeting (EGM) on July 2, 2026, to be conducted through video conferencing and other audio-visual means.
