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Man Infraconstruction gets nod to raise Rs 500 crore

12 Feb 2022 Evaluate

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.

Man InfraConstruct. Share Price

115.27 0.66 (0.58%)
27-Aug-2026 10:55 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4041.00
Kalpataru Projects 1390.85
Rail Vikas Nigam 218.75
KEC International 428.00
NCC 149.10
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