The listed company informed stock exchanges today that it secured an equity fund raise of Rs 300 crores at Rs 560 per share through preferential allotment.
As per definition, preferential allotment is a process where a company issues shares or convertible securities to a select group of investors.
The company’s board has approved a 1:1 bonus issue of shares for its investors, as per a company stock filing. Typically, for every share an investor has, they would get one extra share.
Bu hikaye The Business Guardian dergisinin July 29, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin July 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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