Preferential allotment of 7.06 lakh shares for non-cash consideration
ONEGLOBAL · price
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The board approved the allotment of 706,068 fully paid equity shares of Rs 10 face value to two non-promoter investors for consideration other than cash. Mr Suresh received 657,748 shares at Rs 558.99 to Rs 560.13 and Ms Nithya 48,320 shares at Rs 560.13, giving them 3.25% and 0.24% holdings. The issue received shareholder and BSE in-principle approval.
Adds 7.06 lakh shares and dilutes existing holders, with no cash raised; the two investors together hold 3.49% after issuance.