In a regulatory submitting on Thursday, the corporate reported that its board of administrators has accepted the issuance of as much as 1,78,59,776 fairness shares at a worth of Rs 73.17 per share.
The face worth of every share is Rs 2, with the whole capital raised amounting to Rs 130.68 crore.
The corporate said that the proceeds will probably be utilised for common enterprise functions aligned with its long-term technique.
The proposal is topic to shareholder and regulatory approval. An Extraordinary Common Assembly (EGM) will probably be held just about on 11 January 2025 to safe shareholder consent. The shares will probably be allotted to each promoter and non-promoter entities, with notable participation from international portfolio buyers (FPIs) and particular person buyers. Ekta Kapoor, the corporate’s promoter, will obtain 34,16,700 shares, representing 19.1% of the whole allocation, for an funding of Rs 25 crore. Her shareholding will enhance from 18.16% to 18.30%. Amongst non-promoter buyers, Atyant Capital India Fund I will probably be allotted 28,24,928 shares, amounting to Rs 20.67 crore, rising its shareholding from 4.02% to five.78%.
Vanderbilt College – Atyant Capital Administration may also obtain 28,24,928 shares for Rs 20.67 crore, with its stake rising from 4.51% to six.20%. Gothic Company will probably be allotted 31,63,919 shares price Rs 23.15 crore, elevating its stake from 4.76% to six.69%.
The Duke Endowment will purchase 11,29,971 shares for Rs 8.27 crore, Gothic HSP Company will obtain 6,77,983 shares for Rs 4.96 crore, and the Staff’ Retirement Plan of Duke College may also be allotted 6,77,983 shares for Rs 4.96 crore.
Sanjiv Dhireshbhai Shah, the one particular person non-promoter, will probably be allotted 31,43,364 shares price Rs 23 crore, giving him a good portion of the brand new shares.