Corporate Announcement  (Oct 14 , 2011)


Sub: Allotment of 25,17,700 Preference Shares

Dear Sirs,

We wish to inform you that the Board of Directors of the Company has, at its meeting held today i.e. October 14, 2011, allotted 25,17,700 (Twenty Five Lac Seventeen Thousand Seven Hundred) Preference shares of face value Rs. 10/- each at an issue price of Rs. 1000/- per share (including premium of Rs. 990/- per share).

You are requested to take the above information on record.

Thanking you,

Yours truly,
For Indiabulls Wholesale Services Limited