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
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).
The market regulator has introduced measures to make rights issue more attractive than preferential allotment
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.
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.
The regulator made the announcement after meeting with its Board on September 30
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.
The share purchase is for investment purpose, LIC said, and takes its stake in IDFC First to 2.68 percent.
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