Stock under Rs 50 in focus as company declares board meeting date to discuss raising Rs 1,000 crore

Shares of Indiabulls Ltd, which is into real estate and financial services, are in focus as the company has announced the date for Extra-ordinary General Meeting (EGM) to get approval from shareholders to raise Rs 1000.07 crore via a preferential issue of convertible warrants. According to the information shared, the meeting is scheduled for July 2, 2026. The company has stated that the board of directors has proposed to issue up to 51,55,00,000 unlisted warrants on a private placement basis. The issue price has been fixed at Rs 19.40 per warrant, including a premium of Rs 117.40. The company stated that the floor price has been fixed higher than the floor price set by a valuer.