With investment comittment of upto Rs 2.90 crore
Reliance Capital has acquired more than 5% voting rights in iMonitor Solutions India. The company is engaged in home automation remote monitoring (Internet of Things).Reliance Capital has committed to make an investment of upto an amount of Rs 2.90 crore. The investment comprises of 235990 Compulsorily Convertible Preference Shares (CCPS), both at a price of Rs 123.49 per share. Upon allotment of 235990 CCPS, the voting right of Reliance Capital in iMonitor Solutions India on fully diluted basis is 19.94%.
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