Corporate Action21 May 2026, 07:01 pm
IDream Film Infra Allots ₹4 Cr Equity to Northvale Capital
AI Summary
IDream Film Infrastructure Company Ltd's board approved the allotment of 40,00,000 equity shares at ₹10 each to Northvale Capital Partners Private Limited, aggregating to ₹4,00,00,000. Additionally, 26,64,03,280 equity shares were allotted for consideration other than cash, towards acquiring 100% stake in E-TUNNEL INC. Following these allotments, the company's issued, subscribed, and paid-up capital will increase to ₹2,70,55,32,800.
Key Highlights
- IDream Film Infra allots 40,00,000 shares to Northvale Capital for ₹4 Cr.
- 26,64,03,280 shares allotted for acquisition of E-TUNNEL INC.
- Share swap ratio for E-Tunnel acquisition is 1:121.
- Post allotment, issued and paid-up capital rises to ₹2,70,55,32,800.
- Northvale Capital to hold 73.72% post allotment.
Price Impact
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