Marble City India Capital Structure Change
Marble City India Ltd approved a preferential issue of 66 lakh convertible warrants at Rs. 117.50 each, aggregating to Rs. 77.55 Crore.
- Value
- ₹77.55 Cr
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Marble City India Ltd approved a preferential issue of 66 lakh convertible warrants at Rs. 117.50 each, aggregating to Rs. 77.55 Crore.
Marble City India allotted 30 lakh convertible warrants at Rs. 100 each to promoters. This preferential allotment serves as a capital raising event for the company.
Marble City India received a SAST Reg 29 disclosure. Non-promoter Salsett Vinimay and PAC acquired 22.5 lakh shares open-market, crossing 11.03%.
Marble City India has forfeited the upfront consideration for 11,42,400 unexercised share warrants, causing them to lapse. The forfeited amount totals ₹2.87 Crore.
Marble City India allotted 3,85,000 equity shares upon conversion of warrants, raising ₹2.90 Crore from non-promoter allottees.