In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants.
The company's EGM is scheduled to be held on March 23 to consider issue of 44 lakh equity shares to Amtek Auto at Rs 100 per share and 24 lakh warrants to Amtek Auto at Rs 100 each on preferential basis.
Post the conversion of preferential warrants, held by the promoter Tyche Tech, into equity, the stake now stands at 11.75 percent.
Diamond Power Infrastructure's board will consider proposal for the issuance of around 5.31 crore warrants worth Rs 244.55 crore to CKP Power Finserve Pvt Ltd on preferential basis.
Unlike equity shares, CCPS can be tailored to include certain terms which provide its holder with significant advantages with respect to dividends.
Vedavaag Systems' board meeting will be held on January 18, to consider the allotment of warrants to the promoters and the others pursuant to the in principle approval obtained from BSE.
Bajaj Finance has alloted over 92 lakh shares for Rs 408.11 crore to its promoter Bajaj Finserv upon conversion of warrants issued to them on preference basis.
The company at its meeting held on October 11, has approved the issue of bonus shares in the proportion of 1 equity share for every 1 existing share held by the members of the company.
In an interview to CNBC-TV18, Govind Sharda, President of Nandan Denim spoke about their annual general meeting (AGM) and the shareholder nod that they got to issue 50 lakh convertible warrants to foreign investors at a price of Rs 200 each.
The company's Q1 (April-June) net profit increased by 15.4 percent at Rs 80.98 crore against Rs 70.12 crore, in the same period of last year.
Spicejet has claimed that the Bombay Stock Exchange (BSE) and the market regulator Securities and Exchange Board of India (SEBI) do not seem to be willing to grant the necessary approvals.
The company will be offering over 1 crore warrants to promoters at a premium to its current share price, says Amit Bhatnagar, Managing Director, Diamond Power.
The company's share/warrant allotment committee is scheduled to be held on April 28, 2016 to allot fully convertible warrant on preferential basis.
The Delhi High Court today issued an order asking the board of SpiceJet to issue warrants to its erstwhile promoter Malanithi Karan.
"Board of directors on Monday approved allotment of 30 lakh equity shares pursuant to conversion of 30 lakh warrants to persons belonging to promoter group and non-promoter group," says the IT services provider.
Shareholders also approved issuing foreign currency convertible bonds (FCCBs), global depository receipts (GDRs), American depository receipts (ADRs), warrants convertible into shares.
Granules India is looking to expand its business and has raised warrants worth Rs 200 crore to be used for capital expenditure and ANDA filings, C Krishna Prasad, managing director of the company told CNBC-TV18.
The board has allotted 8,08,08,080 warrants to KSK Power Holdings entitling for subscription of equivalent number of equity shares of Rs 10 each at a price of Rs 99 per warrant.
The move is aimed to arrest erosion of the company‘s net worth followed by mounting losses.
The DNI statement came following a report by American tech media website CNET, which claimed in a classified briefing lawmakers were told that NSA analysts were allowed to listed to domestic phone calls without prior warrant.
Ace stock market invetor RakeshJhunjhunwala along with his wife will hold around 1.35 per cent stake in Pipavav after conversion of all the outstanding securities.
Goldman Sachs Group Inc will give Berkshire Hathaway Inc millions of shares in the bank in place of warrants that date to the financial crisis, a deal that saves Berkshire money upfront and reduces dilution risk for Goldman.
Budget carrier SpiceJet has raised Rs 54.27 crore through issue of warrants to promoter Kalanithi Maran.
Prime Focus board has okaed Rs 104 crore preferential issue of warrants to promoter, reports CNBC-TV18. At 09:24 hrs Prime Focus was quoting at Rs 53.50, up Rs 0.50, or 0.94%.
Jain Irrigation Systems has allotted 75 lakh warrants to promoters at Rs 86.30 per share on a preferential basis, reports CNBC-TV18. At 09:30 hrs Jain Irrigation Systems was quoting at Rs 69.55, up Rs 0.85, or 1.24%. It has touched an intraday high of Rs 70.50 and an intraday low of Rs 69.40.