Allotment of 1,41,00,000 equity shares to promoters and non-promoters
Awaiting price reaction for this filing.
Taaza International Limited has allotted 1,41,00,000 equity shares (face value Rs. 10 each) on a preferential basis as part of its NCLT-approved Resolution Plan in Hyderabad. Of these, 91,00,000 shares went to promoters (Resolution Applicants) at Rs. 10 per share (at par, no premium), including 50,00,000 shares to Whole-time Director Jhansi Sanivarapu and 41,00,000 to Trinity Infraventures Limited. The remaining 50,00,000 shares were allotted to about 60 strategic non-promoter investors at Rs. 50 per share, which includes a premium of Rs. 40 per share (400% premium to face value). Notable non-promoter allottees include Fortune Hands Growth Fund Scheme 1 (5,06,000 shares), 1955 Venture Fund, Evergrow Capital Opportunities Fund, and several HNI investors. This effectively marks the company's emergence from insolvency with a fresh capital structure.
Shareholders should note significant equity dilution as the share count expands by 1.41 crore shares under the NCLT resolution plan. The Rs. 40 premium paid by non-promoter investors signals confidence in the company's revival valuation, though promoter shares issued at par do not reflect market value. Stock may see volatility as the restructured capital base and new investor profile settle in.