Board plans Rs 2,500 crore share placement and capital increase
LANDSMILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.1 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The filing names Excel Realty N Infra Limited. Its board approved raising up to Rs 2,500 crore by issuing new shares to qualified institutional investors. No issue price is disclosed, so no discount or premium can be confirmed. Shareholder and other approvals are pending. It also proposed increasing authorized capital from Rs 500 crore to Rs 2,500 crore, divided into 2,500 crore shares of Rs 1 each.
The issue may dilute existing shareholders but could raise up to Rs 2,500 crore in funding. It remains subject to approvals.