New Delhi, May 31 -- Real estate and financial services company Indiabulls has set Wednesday, 3 June, as the board meeting to consider and approve the proposal of raising funds for its subsidiary by issuance of equity shares or convertible or exchangeable securities.

The company intends to explore permitted fundraising routes, including a qualified institutions placement (QIP), a preferential allotment, or a mix of these methods, in domestic and/or international markets. The final pricing of the securities, along with all related actions, will be subject to shareholder approval and the necessary regulatory and statutory clearances.

"We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Wedn...