SVP Global Ventures announced it s intention to issue upto 2,23,80,952
Convertible Equity Warrants to it s parent company, Shri Vallabh Pittie Ventures.
The
aggregate value of the transaction will stand at Rs. 235 crore 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 adjustments by way of
With effect from 28 December 2020Kansal Fibres announced the appointment of Rajendra Singh (DIN: 08924023) for the post of Additional Director for the Category of Non Executive Non Independent (Non Promoter) w.e.f. 28 December 2020. The company announced the resignation of Bipin M. Pate1 (DIN: 03190744) and Kashmira Vijay Khatree (DIN: 08166413) from directorship with effect from 28 December 2020.
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Ansal Properties & Infrastructure Limited to garner funds upto Rs. 100 crore
Posted On: 2020-12-18 02:41:33 (Time Zone: Arizona, USA)
Ansal Properties and Infrastructure Limited (referred to as Ansal API or the Company , NSE: ANSALAPI, BSE: 500013), one of the oldest and leading real estate developers in Northern India, held a board meeting on the 18th of December, 2020 to consider the issue and allotment of Warrants to non-promoter (Public) investors in line with the Companies Act, 2013 & SEBI regulations governing the issue of Warrants. The Board has considered and approved the issue and allotment of 5,00,10,000 Nos. of Warrants to Non Promoter (Public) investors, which would eventually be converted into Equity share of the company giving the investors 5,00,10,000 Nos. of Equity shares representing 24.11% of the post issue equity outstanding. For this, a total of Rs. 35 Crores will be invested through Warrants and shall be utilised for reducing debt and speed up develop
Ansal Properties to raise Rs 100 crore, to focus on completion of existing projects
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Synopsis
Real estate developer Ansal said it will raise Rs 35 crore through issue of warrants to non-promoters, as part of its plan to raise Rs 100 crore in the next few months.
Agencies
Real estate developer Ansal said it will raise Rs 35 crore through issue of warrants to non-promoters, as part of its plan to raise Rs 100 crore in the next few months.
Ansal Properties and Infrastructure Limited, in its board meeting on Friday, approved the issue and allotment of 5,00,10,000 Warrants to Non Promoter (Public) investors, which would eventually be converted into equity share of the company giving the investors 5,00,10,000 of Equity shares representing 24.11% of the post issue equity outstanding.