Consequent to the court approved Scheme of Arrangement between Indiabulls Financial Services Limited
(IBFSL) and Indiabulls Housing Finance Limited (IBHFL or the Company), which came into effect on March
8, 2013, IBFSL stood merged with IBHFL as a going concern, whereupon the IBFSL shares got delisted
from BSE and NSE w.e.f. March 19, 2013.
Subsequently, in terms of the Scheme, the shareholders of erstwhile IBFSL as on March 20, 2013, the Record Date, were issued and allotted shares in IBHFL, in lieu of the shares held by them in the erstwhile IBFSL, as on the Record Date, in the ratio of 1:1. The said allotment was made on March 25, 2013, whereupon the shares were credited to the demat account of / share certificates were dispatched, to the respective allottees. The said shares shall remain in the freeze mode until their listing on Stock Exchanges (BSE and NSE).
Since the listing of these IBHFL shares on NSE and BSE requires the approval of these exchanges and SEBI, the necessary applications for the purpose, have already been filed with the Exchanges.
BSE and NSE have granted their in-principle approvals on 28th May 2013 and 29th May 2013 respectively, to the proposed listing of IBHFL shares and the same has been recommended by BSE, the designated stock exchange, to SEBI for its final approval.

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