SORIL Infra Resources has received an approval to raise fund for diversification/ expansion of the existing and future businesses and to further augment the long-term financial resources of the company and its existing/ future subsidiaries, by way of preferential offer and issue of an aggregate of up to 39,00,000 equity shares of face value of Rs 10 each, at an issue price of Rs 539 (including a premium of Rs 529) per equity share, for cash consideration, aggregating up to Rs 210.21 crore to certain FPIs, registered with SEBI, in accordance with applicable SEBI Regulations. The Board of the company at its meeting held August 30, 2018, considered and approved the same.
SORIL Infra Resources is a pioneering infrastructure development enabler, with the goal to increase the speed, smoothness, and profitability in project planning and execution.
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