Man Infraconstruction has received an approval for raising of funds by way of inter-alia, issue of Equity Shares or any other equity linked instruments or securities, including Convertible Preference Shares/ fully or partly Convertible Debentures or by way of a composite issue of Non-convertible Debentures and Warrants entitling the warrant holder(s) to apply for Equity Shares, or any other eligible Securities through inter-alia, a Private Placement including one or more Qualified Institutions Placements/ Further Public Issue of Equity/ Debt Securities, Preferential Issue or a Rights Issue or through any other permissible mode under applicable laws and/ or combination thereof, as may be considered appropriate, for an aggregate amount of up to Rs 500 crore, for cash and/or at such premium/discount, as applicable, subject to such approvals as may be required, including the approval of the Members at a General Meeting or through Postal Ballot and further subject to such other statutory/ regulatory/ other approvals; as applicable. The Board of Directors of the company at their meeting held on February 11, 2022 has approved the same.
Man Infraconstruction is an India-based company engaged in the business of civil construction. The Company’s operations consist of construction / project activities/real estate activities.
