Kabra Extrusiontechnik Allots ₹141 Cr Equity Shares on Preferential Basis
Kabra Extrusiontechnik Ltd announced the board's approval for the allotment of 37,60,000 equity shares at an issue price of ₹375 per share, aggregating to ₹141,00,00,000 (₹141 Crore). The allotment is on a preferential basis via private placement to promoter and non-promoter categories. The company has received the full consideration prior to allotment. This allotment increases the company's issued, subscribed, and paid-up equity share capital. The new shares will rank pari-passu with existing shares.
Key Highlights
- Board approved allotment of 37.6 lakh equity shares.
- Total funds raised amount to ₹141 Crore.
- Allotment is on a preferential basis via private placement.
- Shares issued to promoter and non-promoter groups.
- Equity share capital increased post-allotment.
Price Impact
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