Kamdhenu Ltd. Converts Loan to Equity in Franchisee Unit
Kamdhenu Limited announced that its Loan and Investment Committee approved the conversion of an existing unsecured loan to Maa Kudargarhi Steels Private Limited (MKSPL), a franchisee unit, into equity shares. The loan, amounting to Rs. 10,00,00,000, will be converted into 20,000 equity shares with a face value of Rs. 10 each, at a premium of Rs. 4990 per share. This transaction, valued at Rs. 5,000 per share, involves a total consideration of Rs. 10,00,00,000.The conversion was based on a valuation report by Mr. Nitin Goyal, a Chartered Accountant and IBBI Registered Valuer. The company clarified that this transaction does not involve fresh capital infusion but restructures its...