Allotment of 4275900 Equity Shares of Rs. 10/- pursuant to the In Principle Approval received from BSE Limited on 1st January 2026
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City Pulse Multiventures Ltd has allotted 42,75,900 fresh equity shares (face value Rs. 10) at an issue price of Rs. 358 per share to shareholders of Matrubharti Technologies Private Limited, in exchange for acquiring 3,56,336 equity shares of that company. The allotment has been made following the in-principle approval from BSE received on 1 January 2026. The total value of shares issued works out to roughly Rs. 153 crore. This is a stock-swap-based acquisition deal where City Pulse is paying entirely through fresh equity issuance rather than cash. The shares have been issued at a substantial premium of Rs. 348 over the face value of Rs. 10.
Existing shareholders of City Pulse will face equity dilution due to the fresh share issuance, while the company gains ownership in Matrubharti Technologies. Since the consideration is entirely through share issuance, there is no immediate cash outflow, but integration and valuation performance of the acquired company will be key for long-term shareholder value.