Ramky seeks shareholders nod for issue of 12 mn convertible equity warrants

Proposal to issue 12 million convertible equity warrants; approval to be sought during the firm's extraordinary general meeting (EGM) on Oct 30

The Hyderabad-based infrastructure and construction company Ramky Infra Limited will seek shareholders' nod for the issue of 12 million convertible equity warrants on a preferential basis to investors at an extraordinary general meeting (EGM), which is scheduled to take place on October 30.

The warrant holders will get a similar number of equity shares with a face value of Rs 10 at a price of Rs 101 per share. In case the proposal stands approved, the aggregate amount from the sale comes down to Rs 121.2 crore that will be amassed over a period of 18 months from the date