The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs) can now purchase under the Portfolio Investment Scheme equity shares and convertible debentures of M/s. Indiabulls Housing Finance Limited as under:

• FIIs through primary market and stock exchanges up to 100 per cent of the paid up capital of the company.

• NRIs/PIOs through primary market and stock exchanges up to 24 per cent of the paid up capital of the company.

M/s. Indiabulls Housing Finance Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures.

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/1573