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Anubhav Infrastructure informs about allotment of warrants

18 Jul 2023 Evaluate
Anubhav Infrastructure has informed that pursuant to the approval of the Board of Directors of the Company at its meeting held on May 26, 2023 and approval of the members of the Company by way of Postal Ballot on June 27, 2023 and pursuant to in principle approval granted by the exchange vide letter dated July 06, 2023 and upon receipt of amount aggregating to Rs. 112,500,000 at a rate of Rs. 3.75 per warrant, being 25% of the issue price per warrant as upfront payment from the 18 proposed allottees, the Board of Directors of the Company has on July 18, 2023, considered and approved the allotment of 3,00,00,000 (Three Crores Only) Fully Convertible Equity Warrants (Warrants) at a price (including the Warrant Subscription Price and the warrant exercise price) of Rs. 15 each payable in cash (Warrant Issue Price), aggregating up to Rs. 45,00,00,000 (in Lakhs) on preferential basis to the Promoter, Promoter Group and Non-Promoter Group category (Allottees)as mentioned in the Notice of Postal Balict and as per the list enclosed marked as Annexure-I.

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

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