Investment27 March 2026 at 02:31 pm
Shemaroo Entertainment Ltd Approves Preferential Issue of 14,10,000 Equity Shares to Promoters/Promoter Group
AI Summary
Shemaroo Entertainment Ltd has approved the allotment of 14,10,000 equity shares at an issue price of Rs.110/- each to promoters and promoter group. The allotment is towards repayment /appropriation of existing unsecured debt. The total amount for the securities is Rs. 15.51 crores. The allottees include Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo. The shares will be locked in as per the SEBI (ICDR) Regulations, 2018.
Key Highlights
- Shemaroo Entertainment Ltd approves preferential issue of 14,10,000 equity shares
- The allotment is towards repayment /appropriation of existing unsecured debt
- The total amount for the securities is Rs. 15.51 crores
- The allottees include Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo
- The shares will be locked in as per the SEBI (ICDR) Regulations, 2018