Preferential Allotment

In a regulatory filing on November 27, Nazara's board approved the allotment of 8,959,728 shares at an issue price of Rs 954.27 a share

Ajmera Realty hit a new high of Rs 908, surging 5% after the company's board approved issue of equity shares to investor Mukul Mahavir Agrawal and Authum Investment & Infra on preferential basis.

This funding comes at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations

Parent entity Reliance Infrastructure to increase equity in R-Power by Rs 600 crore

Separately, NIIF IFL will also raise up to Rs 3,500 crore through non-convertible debentures to carry out refinancing operations

Inox Green's board had allotted 28.98 million shares on preferential basis to its promoters and non-promoters, at an issue price of Rs 138 per share, which amounted to a total of Rs 400 crore.

The fundraise is part of the company's planned fundraising of Rs 750 crore that was announced earlier in financial year 24

RPSG Ventures Ltd on Wednesday said the company's board has approved a proposal to raise Rs 284.21 crore through preferential share allotment to promoters. The issue price is Rs 795 per share, including a premium of Rs 785 per share, it said in an exchange filing. The company, which is engaged in fast-moving consumer goods (FMCG), process outsourcing, ayurveda formulations, real estate and sports segments, will issue up to 35,75,000 equity shares. The shares will be allotted to promoter group companies Rainbow Investments Ltd and Integrated Coal Mining Ltd. The allotment is subject to shareholder and regulatory approvals. Post the exercise, Rainbow Investments' holding will rise to 39.08 per cent with 1,29,29,326 shares, and Integrated Coal Mining's stake will be 16.99 per cent (56,20,072 shares).

Food processing firm Megastar Foods Ltd plans to raise Rs 42.38 crore through the issue of preferential shares to pre-pay debt and meet future requirements of funds. The company's board approved to create, issue, offer and allot up to 13 lakh shares of Rs 10 each on a preferential basis to the promoters/non-promoters/public category shareholders of the company, according to a regulatory filing on Thursday. The company would seek the approval of the shareholders at the extra ordinary general meeting. "The proceeds of the preferential issue will be utilised for prepayment of borrowings of the company, meeting future funding requirements, working capital and other general corporate purposes of the company," the filing said. The equity shares under this preferential issue would be made at an issue price of Rs 326 per equity share. The company intends to raise Rs 42.38 crore through this issue. Megastar Foods has a wheat processing plant in Punjab. Its turnover stood at Rs 304.40 crore

The market regulator, alleged that the funds raised via preferential issue of shares that were meant to be given as loans and advances to its subsidiaries appeared to be overstated

City-based FMCG company Annapurna Swadisht Limited on Tuesday said it will raise Rs 69.33 crore through a preferential issue of equity shares and warrants by September to expand manufacturing capability. The company will issue the following securities on a preferential basis: 11,00,000 equity shares, for Rs 295 per equity share, aggregating to Rs 32.45 crore and 12,50,000 warrants, at an exercise price of Rs 295 per warrant, aggregating to Rs 36.88 crore. Warrants may be converted in tranches within 18 months, the company stated. "The funds raised will be utilised to purchase a strategic asset to expand the manufacturing base in West Bengal to reduce fixed costs, reduction of high-cost debt, and meet the working capital requirements, company CFO Ravi Sarda said. Utilisation of funds raised in the first tranche will result in savings of around Rs 6 crore per annum by way of reduction in interest payment and rentals, he said. The company had raised close to Rs 30.25 crore through an

The board approved allotment of 255,000 equity shares and 425,000 warrants to Malabar India Fund and 45,000 equity shares and 75,000 warrants to Malabar Midcap Fund.

IDFC First Bank on Saturday said its board has approved allotment of 37.75 crore shares to a subsidiary of IDFC on preferential basis for Rs 2,196 crore. Equity shares of face value of Rs 10 each fully paid-up, on a preferential basis will be issued IDFC Financial Holding Company Limited at a price of Rs 58.18 per unit, including premium of Rs 48.18 per share, IDFC First Bank said in a regulatory filing. The proposal is subject to acceptance of the offer by the board of IDFC and approval of the shareholders of the bank, it said.

Capital markets regulator Sebi on Wednesday came out with guidelines pertaining to preferential issues and institutional placement of units by emerging investment vehicles -- REIT and InvIT. The regulator has specified the manner of issuance of units under preferential issue as well as institutional placement by listed real estate investment trust (REIT) and infrastructure investment trust (InvIT), according to two separate circulars. With regard to the issuance of units under institutional placement, Sebi said that no allotment will be made, either directly or indirectly, to any institutional investor, who is a sponsor or manager or is a person related to, or related party or associate of the sponsor or the manager. However, the allotment of units can be made to the sponsor for unsubscribed portion in the institutional placement where at least 90 per cent of the issue size has been subscribed, the object of the issue is the acquisition of assets from that sponsor and unit-holders .

Candidates can check the result on the official website wbjeeb.nic.in

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In the past six months, the stock price of Brightcom Group has zoomed 1006 per cent, as compared to a 20.5 per cent rise in the S&P BSE Sensex

In a statement on Wednesday, Nazara said the fresh funds will be utilised for the growth initiatives of the company

Inox Wind on Wednesday said its board has approved the issuance of preference shares worth Rs 1,100 crore to its promoters