Deals10 Mar 2026, 06:42 pm
RGF Capital Markets Ltd. Announces Increase in Authorized Capital, Share Purchase Agreement, and Warrant Issue
AI Summary
RGF Capital Markets Ltd. has announced an increase in its authorized capital from 15,50,00,000 to 70,00,00,000, subject to shareholder approval. The company has also entered into a share purchase agreement with Nishad Jitendra Shah and others for the acquisition of 3,74,69,556 equity shares, representing 24.98% stake of the existing share capital. Additionally, the company plans to issue up to 50,00,00,000 equity warrants at ₹ 1/- per warrant on a preferential basis.
Key Highlights
- RGF Capital Markets Ltd. is increasing its authorized capital to ₹ 70,00,00,000 from ₹ 15,50,00,000.
- The company has entered into a share purchase agreement with Nishad Jitendra Shah and others for the acquisition of 24.98% stake in the company.
- The acquisition is subject to regulatory approvals, including the Reserve Bank of India for the change in shareholding, control, and management of the company.
- Upon completion of the acquisition, the acquirers will become the promoter of the company and the sellers will cease to be promoters.
- RGF Capital Markets Ltd. plans to issue up to 50,00,00,000 equity warrants at ₹ 1/- per warrant on a preferential basis.