Alankit is planning to acquire 14,00,000 equity shares having face value of Rs 10 each at a price of Rs 47.30 including premium of Rs 37.30 per share representing Rs 6.62 crore constituting 100% of paid-up share capital of Alankit Imaginations (Group Company), subject to necessary approvals, if any.
The company also planning to subscribe to proposed private placement offer of upto 26,00,000 equity shares of face value of Rs 10 at a price of Rs 47.30 including premium of Rs 37.30 per share representing investment of Rs 12.30 crore in Alankit Imaginations subject to the necessary approvals, if any.
Alankit, a market leader and eminent name in the industry today, is a more than two-decade-old conglomerate, having diversified operations in the vital segments like e-Governance, Financial Services, Healthcare and Insurance Broking.