The rights shares were offered at Rs 150 apiece. Shareholders were offered one right share for every two shares held by them. Shares of Indiabulls Housing, which rallied 52% in the last six months or 92% in the last one year, ended at Rs 191.70 on Tuesday.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.