Mahindra Gesco to issue shares, warrants
Real estate company, Mahindra Gesco Developers Ltd will issue upto 65 lakh equity shares and 37.80 lakh convertible warrants to promoters.
By PTI |
MUMBAI: Real estate company, Mahindra Gesco Developers Ltd will issue upto 65 lakh equity shares and 37.80 lakh convertible warrants to promoters.
The board of directors at its meeting held on July 19, approved the issuance of equity shares by way of a follow on public offer or through a combination of other routes in one or more tranches, the company informed the Bombay Stock Exchange.
The company would also issue 37.80 lakh warrants exercisable into equity shares on preferential allotment basis to promoters, it added.
The issuance of equity shares and warrants would be subject to shareholders approval at the forthcoming annual general meeting, it said.
The shares of the company were trading at Rs 543.70, down 0.51 per cent on the BSE.
The board of directors at its meeting held on July 19, approved the issuance of equity shares by way of a follow on public offer or through a combination of other routes in one or more tranches, the company informed the Bombay Stock Exchange.
The company would also issue 37.80 lakh warrants exercisable into equity shares on preferential allotment basis to promoters, it added.
The issuance of equity shares and warrants would be subject to shareholders approval at the forthcoming annual general meeting, it said.
The shares of the company were trading at Rs 543.70, down 0.51 per cent on the BSE.
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