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Macrotech Developers informs about outcome of committee meeting

18 Nov 2021 Evaluate

Macrotech Developers has informed that the Committee for Fund Raise of the board of directors of the Company has, at its meeting held today November 18, 2021 approved the allotment of 3,41,88,034 Equity Shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 1,170 per Equity Share (including a premium of Rs. 1,160 per Equity Share) against the floor price of Rs 1,184.70 per Equity Share, aggregating to Rs 4,000 crore pursuant to the Issue. The Issue opened on November 15, 2021 and closed on November 18, 2021 and the same was intimated through its letters dated November 15, 2021 and November 18, 2021 respectively. Further, the company attached the list of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue, marked as Annexure A. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to Rs 4,815.06 million, comprising of 48,15,06,362 Equity Shares. Take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The meeting of the Committee commenced at 9.00 am and concluded at 9.15 am.

The above information is a part of company’s filings submitted to BSE.

Lodha Developers Share Price

855.85 -15.85 (-1.82%)
20-Apr-2026 16:59 View Price Chart
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