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Dhani Services Ltd, formerly Indiabulls Ventures Ltd, on Tuesday said it has raised Rs 147 crore by issuing 84 lakh shares to a foreign investor.
The investor, NWI Emerging Market Fixed Income Master Fund Ltd, is one of the group entities of NWI Management, a New York-based investment fund.
The allotment committee of the board of directors, at its meeting held on October 6, 2020 has issued and allotted an aggregate of 84,00,000 fully paid-up equity shares of face value of Rs 2 each at an issue price of Rs 175 per equity share, for cash consideration, to the foreign investor, it said in a regulatory filing.
Consequent to the said allotment, the paid-up equity share capital of the company stands increased to Rs 114.54 crore, it said.
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