Board approves preferential issue of shares and warrants worth about 558 crore
DPABHUSHAN · price
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D. P. Abhushan board approved a preferential issue of up to 8,66,434 equity shares at Rs 1,430 each (about Rs 123.9 crore) and up to 30,35,711 convertible warrants at Rs 1,430 each (about Rs 434.1 crore), totaling around Rs 558 crore. Price is at or above SEBI floor price. Warrants are convertible into equal equity shares within 18 months. 104 investors are participating, including Motilal Oswal Financial Services, Mukul Mahavir Agrawal, and several AIFs. Promoter holding will dilute from 74.89 percent to 66.46 percent. Subject to shareholder approval at EGM.
Equity dilution of about 17.3 percent; promoter stake falls to 66.46 percent. Subject to shareholder approval.