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SVP Global declares 5% Interim Dividend, Fixes Feb 19 as Record Date
Posted On: 2021-02-09 01:16:18 (Time Zone: Arizona, USA)
Pursuant to its board of directors meeting held on 8 February, SVP Global Ventures Ltd, one of the largest compact cotton yarn manufacturers in the world has considered and declared an interim dividend of 5 paise per equity share of face value of Rs 1/- each representing 5% of paid up capital for the financial year 2020-2021. Additionally, the company has declared an interim dividend of 50 paise per preference share to preference shareholders who hold 5% redeemable preference shares of face value of Rs 10 each.
Recently the company announced its intension to raised Rs 235 Crs through the issue of 2,23,80,952 Convertible Equity Warrants at an issue price of Rs 105 per equity share to its parent company, Shri Vallabh Pittie Ventures Private Ltd. The objective of the fund raise is to strengthen the capital structure of the company. The company reported
SVP Global to raise Rs 235 Cr via Equity Warrants zimbabwestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwestar.com Daily Mail and Mail on Sunday newspapers.
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SVP Global to raise Rs 235 Cr via Equity Warrants, convertible at 37% premium to market price ANI | Updated: Jan 28, 2021 22:50 IST
Mumbai (Maharashtra) [India], January 28 (ANI/PRNewswire): Pursuant to applicable provisions and regulations, SVP Global Ventures Ltd, one of the largest compact cotton yarn manufacturers in the world has announced it s intention to issue upto 2,23,80,952 Convertible Equity Warrants to it s parent company, Shri Vallabh Pittie Ventures Private Pvt Ltd. The aggregate value of the transaction will stand at Rs 235 Crs for cash and the allotment of warrants will be completed within 15-day period from the date of shareholders approval.
Business EconomyPosted at: Jan 28 2021 6:32PM
SVP Global to raise Rs 235 Cr via Equity Warrants, convertible at 37 per cent premium to market price
MUMBAI, India, Jan 28, 2021 /PRNewswire/ Pursuant to applicable provisions and regulations, SVP Global Ventures Ltd, one of the largest compact cotton yarn manufacturers in the world has announced it s intention to issue upto 2,23,80,952 Convertible Equity Warrants to it s parent company, Shri Vallabh Pittie Ventures Private Pvt. Ltd.
The aggregate value of the transaction will stand at ¬Rs. 235 Crs. for cash and the allotment of warrants will be completed within 15-day period from the date of shareholders approval.
The Warrant holder has the option to convert Equity warrants into equivalent number of fully paid up equity shares of face value of Rs.1/- each, in one or more tranches within 18 months from the date of allotment of warrant, at an issue price of Rs 105/- per Equity Share and is subject to interim adju