Preferential Allotment

Promoters of Zee have proposed to increase their stake to 18.39 percent by subscribing to warrants worth Rs 2,237 crore, the company told stock exchanges on June 16

MC Interview| Samena Capital commits Rs 500 crore for UGRO Capital's preferential allotment

The board of directors of UGRO Capital on May 20 approved the fund raising of Rs 400 crore through issuance of equity shares by way of rights issue and Rs 914.30 crore via issuance of unsecured compulsorily convertible debentures (CCDs).

Rights issue to be faster from today; process to be completed in 23 days

The market regulator has introduced measures to make rights issue more attractive than preferential allotment

Domestic share sales are seeing record purchases by global funds

India has become a hotspot for dealmaking, with companies raising a record $28.4 billion from IPOs and primary share offerings this year, as per Prime Database.

Tile maker Nitco issues preferential shares to Authum Investment, converts debt to equity

The shareholder capital has been increased from Rs 230 crore to Rs 500 crore, with the tile maker converting its debt into equity shares as part of the business restructuring.

Sebi eases rights issue compliance, cuts down completion time to 23 days from 317 days

The regulator made the announcement after meeting with its Board on September 30

Reliance Power stock locked at 5% upper circuit on Rs 1,525 crore preferential issue

Reliance Power shares surged 5% after the company announced a preferential issue of equity shares worth Rs 1,524.60 crore, aimed at strengthening its financial position and expanding into renewable energy.

IDFC First Bank issues additional 0.2 percent shares to LIC at Rs 80.63 per share

The share purchase is for investment purpose, LIC said, and takes its stake in IDFC First to 2.68 percent.

Axis Bank approves Rs 1,612 crore infusion in Max Life through preferential allotment

The Bank will now enter into a Share Subscription Agreement with Max Life for proposed acquisition through subscription to the Preferential Issue of 14,25,79,161 fully paid-up equity shares

Sebi overhauls preferential allotment rules for REITs, InvITs

Under the new framework, the pricing formula for allotment of units under preferential issue would be the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10 trading days, whichever is higher.

Parag Milk Foods raises Rs 131 crore via preferential allotment

"The current proceeds of preferential shares and warrants would be utilised to fund our long-term capital requirements and to enhance the working capital needs," Parag Milk Foods chairman Devendra Shah said.

Bank of Baroda allotted 12 crore shares in NARCL under preferential allotment

Before this round of preferential allotment, BoB held a 13.27 percent stake in NARCL. The same has now been reduced to 9.90 percent, the bank told the stock exchanges

Cinema advertising platform UFO Moviez to raise Rs 96.82 crore via preferential allotment

The proceeds of this issuance will be used to meet the working capital and for corporate requirements.

SEBI relaxes preferential allotment norms; 4 ways in which it will help D-Street

The move will not only allow promoters to increase their holdings substantially, but will also make it easier for companies to raise funds from promoters

Capital First board okays Rs 340cr pref issue to Caladium Invst

Capital First's Rs 340-crore preferential issue to Caladium Investment is likely to be completed in a month, says Chairman and Managing Director V Vaidyanathan.

Den Networks to raise Rs 142 cr via preferential allotment

In September this year, Den Networks said the board of the company has approved allotment of 1.58 crore share having a face value of Rs 10 to Goldman Sachs.

Fund raising via preferential route falls 31% to Rs 12,500 cr

As per the latest data available with the Securities and Exchange Board of India, funds garnered by listed companies via preferential allotment stood at Rs 12,526 crore in the April-July period of 2016-17, compared to Rs 18,056 crore in the same period of the preceding fiscal.

Den Networks pref issue to fund broadband expansion, pare debt

Den Networks' CFO Manish Dawar says the Rs 140-crore preferential issue will increase Goldman‘s stake in the company to roughly 24.5 percent and trim promoter stake to 37 percent.

Cos mop up Rs 9k cr via preferential allotment in Apr-May FY17

Indian firms raised over Rs 9,000 crore through issuance of shares to promoters and shareholders on preferential basis during the first two months of the current fiscal, to meet their business requirements.

No connect between pref allotment & price movement: Cupid

Prices started to move only in 2015, far away from the 2011 allotment, says Om Garg, Chairman and MD, Cupid Limited.

Central Bank of India rises 2% on fund raising plan

The company's capital raising committee will meet on March 02, 2016, to consider and approve raising of additional equity capital by issuance and allotment of equity shares of the face value of Rs 10 each on preferential basis.

Cos mop-up Rs 37 K cr via preferential allotment in Apr-Oct

Preferential allotment serves as an alternative mechanism of resource mobilisation wherein a listed firm issues shares or convertible securities, to a select group of shareholders.

Did You Know: Himachal Fibres soared 1900% in last one year

Himachal Fibres' stock price increased from Rs 2 per share to Rs 40/ share in the last one year. Its outstanding shares increased from 30 lakh to 8.65 crore. This happened post a series of preferential allotment and a stock split. The company went in for preferential allotments four times since 2009

Will use Rs 250 cr for capex; debt reduction: Orient Green

S Venkatachalam, managing director, Orient Green Power, says out of the Rs 250 crore raised, Rs 125 crore will be used for expanding projects, while the rest will be used for retiring the high-cost bank loans and getting longer tenures which will lead to larger savings

Amtek Auto jumps 70% on preferential allotment to promoters

"Allotment committee of board of directors, on September 10, has allotted 44,37,500 equity shares of face value of Rs 2 each at a premium of Rs167/-aggregating to Rs 74,99,37,500 to the promoters group companies by way of preferential allotment," said the company in its filing to exchanges.