|
| Exchange Received Time 11/06/2018 22:03:10 Exchange Disseminated Time 11/06/2018 22:03:15 Time Taken 00:00:05 | The Company has, pursuant to and in terms of Chapter VII of the SEBI (ICDR) Regulations, issued and allotted an aggregate of 7,96,39,888 (Seven Crore Ninety Six Lacs Thirty Nine Thousand Eight Hundred Eighty Eight) fully paid up equity shares of face value Rs. 2/- each of the Company (''Equity Shares''), as under:
(i) an aggregate of 4,58,39,888 Equity Shares, to certain foreign companies and SEBI registered FPIs, at an issue price of INR 450 (including a premium of INR 448) per Equity Share, pursuant to shareholders' approval dated May 31, 2018; and
(ii) an aggregate of 3,38,00,000 Equity Shares to Inuus Properties Pvt Ltd and Inuus Developers Pvt Ltd, Promoters of the Company, at a conversion price of Rs 43.75 (including premium of Rs 41.75) per Equity Share, upon conversion of equivalent number of warrants, which were allotted to them pursuant to shareholders'' approval dated April 25, 2017.
For details, please refer the attachment.
|
|
|