Pursuant to applicable provisions of SEBI Listing Regulations, we wish to inform that today, the Company has issued and alloted an aggregate of 2,25,00,000 fully paid-up equity shares of ....
Awaiting price reaction for this filing.
Dhani Services Ltd has allotted 2,25,00,000 (2.25 crore) fully paid-up equity shares of face value Rs. 2 each at an issue price of Rs. 90.30 per share (including a premium of Rs. 88.30), roughly 30% above the prevailing market price. The shares were issued to two promoter group entities — Valerian Real Estate Pvt Ltd and Calleis Infracon Pvt Ltd — each receiving 1,12,50,000 shares, upon conversion of equivalent warrants earlier authorised by shareholders on January 25, 2025. The company received Rs. 152.38 crore as the balance 75% consideration on conversion. Post-allotment, the total paid-up equity capital has risen to Rs. 126.40 crore, comprising about 62.71 crore fully paid-up shares and 88.88 lakh partly paid-up shares.
The promoter group's stake in the company has increased, with 2.25 crore new shares added to the equity base (a dilution of roughly 3.5% for existing non-promoter shareholders). The 30% premium to market price signals promoter confidence, but existing shareholders should note the dilution effect.