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) |
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