Kridhan Infra Limited Completes Preferential Issue of Equity Shares
Kridhan Infra Limited announced the allotment of 48,00,000 fully paid-up equity shares following the exercise of rights attached to warrants. The shares were issued at a price of ₹4.05 per share, including a premium of ₹2.05 per share. This resulted in a total inflow of ₹1,94,40,000 for the company.The preferential issue involved four investors: Mr. Pankaj Kapasi, Ms. Payal Kapasi, Pankaj Kapasi (HUF), and Chaitali Atish Laddad, each receiving 12,00,000 equity shares. The allotment was made upon receipt of the remaining 75% of the issue price from the warrant holders.
| Sr. No | Particulars | Details |
|---|---|---|
| 1 | Name of the investor(s) | 1. Mr. Pankaj Kapasi - 12,00,000 equity shares 2. Ms. Payal Kapasi - 12,00,000 equity shares 3. Pankaj Kapasi (HUF) - 12,00,000 equity shares 4. Chaitali Atish Laddad - 12,00,000 equity shares |
| 3 | Issue Price / allotted price (in case of convertibles) | The equity shares have been issued at a price of ₹4.05/- per share (including a premium of ₹2.05/- per share), aggregating to ₹ 1,94,40,000/- upon conversion of warrants. |
| 4 | Number of investor(s) | 4 (Four) |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.