|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
MUMBAI, Feb 7 (Reuters) - India's Indiabulls Financial Services Ltd has launched a share sale for institutional investors to raise up to 4.48 billion rupees ($84 million), according to a term sheet obtained by Reuters.
Indiabulls will sell shares at a price range of 283.5 rupees to 298.5 rupees, up to 5 percent discount to its Thursday's close, as per the document.
Bank of America Merrill Lynch is the sole book runner to the transaction. ($1 = 53.2300 rupees) (Reporting by Abhishek Vishnoi and Indulal PM; Editing by Anand Basu)