KCK Industries clarifies EGM notice for 2.5 crore warrant preferential issue
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KCK Industries is clarifying its EGM explanatory statement for a preferential issue of 2.5 crore convertible warrants worth Rs. 50 crore. Proceeds will fund two objects: Rs. 25 crore for acquiring 64.10% of Yashwant Dugdh Prakriya Limited and Rs. 25 crore for real estate development via Shree Ram Samarth Build Tech LLP. Funds will come in tranches over 18 months. Promoter holding will dilute from 25.36% to 21.03% post-issue.
Equity dilution of about 4.3% for promoters. Rs. 50 crore to be raised in tranches for acquisition and real estate projects.