The intrinsic value of the partly paid shares is calculated by subtracting the pending instalment payment from the Thursday closing price of Indiabulls Housing Finance, resulting in the value of ₹88.75. The closing price of Indiabulls Housing on Thursday was ₹188.75, and the instalment to be paid is ₹100 per share.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India