Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) has announced a significant fundraising initiative through the preferential issuance of convertible warrants. The Board of Directors, in a meeting held on June 3, 2026, approved the raising of approximately INR 1,000.07 Crore through the issuance of up to 51,55,00,000 warrants. These warrants are priced at INR 19.40 each, which includes a premium of INR 17.40 per share. The company has scheduled an Extra-ordinary General Meeting (EGM) for July 2, 2026, to secure the necessary shareholder approvals for this capital raise.

The preferential issue is targeted at a mix of Promoter Group entities and Non-Promoter Group investors. Specifically, Phanes Limited and Hermes Limited from the Promoter Group, along with EBISU Global Opportunities Fund Limited and Nyaasa Global Fund VCC – Nyaasa India EM Sub Fund, have been identified as the allottees. Each warrant grants the holder the right to convert it into one fully paid-up equity share of the company within a period of 18 months from the date of allotment.

Indiabulls Limited, historically known for its diverse presence in the financial services sector, has undergone significant corporate restructuring in recent years, including rebranding from Yaari Digital Integrated Services Limited. The company has been navigating a transition phase, focusing on streamlining its operations and reinforcing its balance sheet to support future growth initiatives. In the Indian market, the company remains under observation by investors and analysts interested in its turnaround strategy and potential for renewed business expansion.

This capital infusion is expected to provide Indiabulls Limited with the necessary liquidity to strengthen its financial position and support its strategic objectives. As the company moves toward the upcoming EGM to finalize this issuance, stakeholders are likely to monitor the impact of this dilution on equity and the long-term deployment of these funds. While financial results and specific quarterly performance metrics were not the primary focus of this specific disclosure, the market typically reacts to such large-scale capital raises as a signal of institutional confidence and a precursor to operational scaling.