Shares of Indiabulls Ventures soared nearly 5 per cent on the Bombay Stock Exchange ahead of the board meeting later today to consider preferential issue of equity shares of the company, to certain foreign investors.
Ahead of board meeting, shares of the company gained as much as 4.98 per cent to hit intra-day high of Rs 108.55 apiece on the Bombay Stock Exchange.
The scrip was currently trading at Rs 108.55 against previous close price of Rs 103.40. In a similar fashion, stocks of company were trading 4.35 per cent higher at Rs 108.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,475.88, up 53.49 points or 0.18 per cent, at 11:02 hour.