Allotment of 1,00,00,000 equity shares of Rs.10 each at an issue price of Rs. 20 per share on Preferential basis.
Awaiting price reaction for this filing.
Axentra Corp Limited (formerly Dugar Housing Developments) has allotted 1 crore equity shares of Rs. 10 face value at Rs. 20 per share on a preferential basis, raising approximately Rs. 20 crore. The shares have been issued to four non-promoter investment funds in equal tranches of 25 lakh shares each: JL Maha Investment Fund PCC-DYX Strategy, Altitude Investment Fund PCC-CELL 1, Green Horizon Fund PCC-CELL 1, and Minerva Ventures Fund. The issue price is at a 100% premium over the face value. The board approved this allotment at its meeting on February 25, 2026.
Existing shareholders will face dilution of about the proportionate equity (1 crore new shares added to the base). The company gets fresh capital of around Rs. 20 crore from institutional-style investors, which could strengthen its balance sheet, though the use of funds has not been disclosed in this filing.