Urja Global has received an approval to issue up to 2,65,44,000 (approximately) Compulsorily Convertible Preference Shares (CCPS) of Rs 1 each at a premium of Rs 99 each for an aggregate consideration of up to Rs 265.44 crore (approximately) into one or more tranche(s) to MK STAR Development SDN BHD by way of a preferential allotment on private placement basis. The board of directors at their meeting held on December 20, 2017, has approved for the same.
Urja Global is a non renewable and renewable energy developer and operator. It is engaged in design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid connected solar power plants.
