The company s board has approved raising of Rs 350 crore by way of issuance of equity shares, convertible preference shares, and/ or debentures/ non-convertible debt instruments.
Lunolux Ltd, a firm owned by Advent, sold 1,93,47,924 shares of Eureka Forbes at Rs 506.06 apiece, block deals data on the BSE showed. The sale was at a marginal discount to the previous closing price of the stock.
The floor price of the deal is set at ₹494.75 per share, with a maximum allowable discount of 3%. Shares of Eureka Forbes Ltd ended at ₹516, up by ₹23.05, or 4.68%, on the BSE.
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