Vaishali Pharma to issue shares on preferential basis for KPL acquisition
VAISHALI · price
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Vaishali Pharma is seeking shareholder approval to issue 61,23,000 equity shares at Rs 20 per share (including Rs 18 premium) to Kesar Pharma Limited on a preferential basis. This is a share swap for acquiring 33.24 percent additional stake in KPL, part of an overall deal worth Rs 20.42 crores. 60 percent of the deal is via share swap (Rs 12.25 crores) and 40 percent in cash. Issue price is well above the floor price of Rs 10.50. E-voting runs from Feb 14 to Mar 15, 2026.
Share swap to acquire more stake in associate KPL; 4.48 percent dilution expected. No cash raised as issue is for non-cash consideration.