"The total equity investment by the investors would aggregate to Rs 588 crore, equivalent to USD 80 million in the company," Indiabulls Ventures
A total of six investors will infuse the equity capital into the company, with Ribbit Cayman IN Holdings VI, Ltd (RCH) being offered 1,05,00,000 shares, while 84,00,000 shares extended to NWI Emerging Market Fixed Income Master Fund Ltd.
Inteligo Bank Ltd and First Royalty Ventures LLC will be getting 42,00,000 equity shares each. TIMF Holdings will be offered 37,80,000 shares and Think India Opportunities Master Fund LP will get 25,20,000 shares of the company.
The board of directors, among others, approved the appointment of Sameer Gehlaut as Chairman and Chief Executive Officer (CEO) of the company, it said.
Divyesh B Shah has been approved to be re-designated as the Chief Operating Officer of the company, Indiabulls Ventures
"Shareholders' approval for preferential issuance of equity shares and appointment of Sameer Gehlaut as referred...shall be taken at the 25th Annual General Meeting of shareholders of the company, to be held on Friday, September 25, 2020," the company said.
Indiabulls Ventures shares settled at Rs 215 apiece on BSE, up 7.53 per cent from the previous close.