Please find appended intimation on allotment of 10,90,00,000 equity shares on preferential basis u/r 30 of LODR
GAYAPROJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gayatri Projects has allotted 10.9 crore fully paid-up equity shares of Rs.2 face value each at Rs.10 per share (including Rs.8 premium), raising Rs.109 crore. Shares were allotted to 7 allottees: Vishwa Infrastructures and Services (1.5 crore), GKC Projects (1.5 crore), Antara India Evergreen Fund (3.5 crore), M7 Global Fund PCC (50 lakh), Zeal Global Opportunities Fund (1.5 crore), Vivek Mundra (1.4 crore), and Aniruddh Mundra (1 crore). Post-allotment paid-up capital rises from Rs.37.44 crore to Rs.59.24 crore. The shares rank pari-passu with existing equity and listing/trading approvals are being sought.
Significant equity dilution (~58% increase in share count) from 18.72 crore to 29.62 crore shares. Existing shareholders face heavy voting and earnings per share dilution. The large preferential issuance could exert short-term downward pressure on the stock price.