HNGIL approves preferential issue under NCLT resolution plan

HNGIL's Monitoring Committee approved preferential allotment of 87.4 crore equity shares to seven investors linked to KRPV Fire Fite Private Limited and its nominees. The shares have a face value of INR 10 each, totalling INR 874 crore. The issue is under the resolution plan approved by NCLT Kolkata for Independent Sugar Corporation's acquisition. No market-based issue price is stated.