Mumbai, Dec. 18 -- The company will issue up to 6,61,81,335 equity shares of face value of Rs 5 each, at an issue price of Rs. 120.88 each including the premium of Rs. 115.88, aggregating to an amount upto Rs 800 crore. The equity shares will be allotted to Synergy Industrials, Metals and Power Holdings and Credit Solutions India Trust.
In addition, the company will issue upto 3,30,90,668 convertible warrants of face value of Rs 5 each, each carrying a right to subscribe to 1 equity share at an issue price of Rs. 120.88 each per convertible warrant inclusive of premium of Rs. 115.88 The warrant issue will aggregate up to Rs 400 crore and will be allotted to Hyderabad Jabilli Properties.
The tenure of the warrants shall not exceed 18 mon...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.