Mumbai, May 2: Indiabulls Financial Services is planning to raise $300 million from overseas markets. It is considering various financial instruments to raise the capital.

The company has informed the stock exchanges that it will hold an extraordinary general meeting on May 26 to consider the proposal.

Indiabulls could raise capital through equity shares, convertible securities, ADRs, GDRs and FCCBs. It will explore more than one foreign market for this.

According to the notice sent to bourses, the company will further invest up to Rs 1,000 crore in Indiabulls Securities Ltd (ISL) by subscribing to equity shares, convertible or non-convertible preference shares or optionally convertible debentures. It could also consider share purchase from ISL investors.