
Investment5 Mar 2026, 07:31 am
Team India Guaranty Ltd. Defers Preferential Allotment and Acquisition Proposal Due to Incomplete Consideration
AI Summary
Team India Guaranty Ltd. announced that the Board of Directors, in a meeting on 04th March 2026, considered a proposal for preferential allotment of 22,48,270 Equity Shares at an issue price of Rs. 285 each (including a premium of Rs. 275 each) to non-promoter allottees. However, due to receiving only 62.14% of the requisite consideration in the form of shares from the proposed allottees, the allotment had to be deferred. The proposed acquisition of 4A Financial Technologies Private Limited is also deferred. The Company may reconsider the proposal in the future. This decision does not affect the paid-up equity share capital of the Company at this stage.
Key Highlights
- Team India Guaranty Ltd. proposed preferential allotment of 22,48,270 Equity Shares to non-promoter allottees
- The Company received only 62.14% of the requisite consideration in shares from the proposed allottees
- The allotment and acquisition proposal have been deferred due to incomplete consideration
- The Company may revisit the acquisition proposal in the future
- No change in the paid-up equity share capital of the Company at this stage
Price Impact
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