Outcome of Board for Preferential Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kati Patang Lifestyle's board approved the allotment of 14,58,333 equity shares at Rs. 24 per share (face value Rs. 10 + premium Rs. 14) as non-cash consideration for acquiring 100% stake in Agnetta International Private Limited via share swap. Additionally, 2,77,760 equity shares at the same price were allotted for acquiring a further 1.43% stake in Empyrean Spirits Private Limited, an unlisted material subsidiary. The share swap to some allottees (Mr. Vivek Baid and Mr. Raguvir Gurumurthy) could not be completed due to procedural reasons. The fully paid-up equity capital rises from Rs. 48.45 crore (4,84,49,852 shares) to Rs. 50.19 crore (5,01,85,945 shares) upon completion.
The acquisitions are being funded entirely via share issuance (non-cash), diluting existing shareholders by approximately 3.58%. No fresh capital has been raised, but the company's subsidiary structure and asset base expand.