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.
Drug companies in pink of health, further upside expected
Nifty’s Pharma and Healthcare indices have gained 1.7% and 2.6% respectively in the past month, while the benchmark Nifty declined 2% in this period.