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Fundraise / allotmentMajor developmentFiled on BSE ·

Kuber Udyog allots shares for Golden Ikon deal, plus preferential shares and warrants

Kuber Udyog · Finance

Arthneeti Research DeskPublished 1 min read
100%Fundraise / allotment

Key highlights

  • Allotted 7,62,85,000 equity shares at Rs 23.10 each to Manav Bahri, Dinesh Popli and Ajay Dutta for 100% of Golden Ikon Fleet Management; purchase consideration Rs. 176,22,50,000
  • Allotted 3,95,50,000 equity shares for cash on preferential basis at Rs. 23.10 each to 16 investors, including Green Horizon Fund PCC- Cell 1 and Altitude Investment Fund PCC- Cell 1
  • Allotted 37,00,000 convertible warrants at Rs. 23.10 each to 7 investors; Rs. 2,13,67,500 (25% of Rs. 8,54,70,000) received, convertible into equity shares within 18 months

Why it's rated major development: the amount is 125% of market value (50% or more)

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Board Meeting Outcome for Allotment Of Equity Shares And Convertible Equity Warrants On Preferential Basis.

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.