Indiabulls Power Ltd has informed BSE that pursuant to and in terms of the Stabilization Agreement dated July 14th 2009, Addendum to the Stabilization Agreement dated September 29th 2009, Second Addendum to the Stabilization Agreement dated November 30th 2009 and the Prospectus dated October 20th 2009 issued by the Company, the IPO Committee of the Board of Directors of the Company has in its meeting held on December 9th 2009 issued and allotted 21,052,346 Equity Shares to Morgan Stanley India Company Pvt Ltd through the credit of the Greenshoe Shares.

The Greenshoe Shares will be held by the Stabilization Agent for subsequent transfer of the Greenshoe Shares in favour the green shoe lender in the Issue ie Indiabulls Real Estate Ltd, the Promoter of the Company.

Consequent to the issue and allotment of the Greenshoe Shares as aforesaid the paid up equity capital of the Company stands increased from INR 19988,000000 per divided into 1998,800,000 Equity Shares of face value INR 10 each to INR 20198523460 per divided into 2019852346 Equity Shares of face value INR 10 each.