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Safari Industries (India) informs about allotment of equity shares

29 Feb 2024 Evaluate
In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Safari Industries (India) has informed that the Stakeholders’ Relationship Committee of the Board of Directors of the Company, vide its meeting held today i.e. 29th February 2024, has approved the allotment of 12,00,000 (Twelve Lakh) fully paid-up equity shares of face value Rs 2 (Rupees Two Only) each (Equity Shares) to Lighthouse India Fund IV AIF (Scheme of Lighthouse India Investment Trust, registered as Category II Alternative Investment Fund with SEBI) at a price of Rs 1,908 (Rupees One Thousand Nine Hundred Eight only) per Equity Share (including a premium of Rs. 1,906 per Equity Share), on preferential basis, aggregating to cash consideration of Rs 2,28,96,00,000 (Rupees Two Hundred Twenty-Eight Crore Ninety-Six Lakh only). The new Equity Shares as allotted above shall rank pari passu with the existing Equity Shares of the Company. The Company has received in-principle approvals from BSE and National Stock Exchange of India (Stock Exchanges), for the issue of aforesaid Equity Shares on Preferential basis, on 19th February 2024. The application for listing and trading approval to the Stock Exchanges for the Equity Shares allotted as above will be made in the due course. Consequent to said allotment, the issued, subscribed and paid-up equity share capital of the Company would be increased from Rs 9,51,34,428 (Rupees Nine Crore Fifty-One Lakh Thirty-Four Thousand Four Hundred and Twenty-Eight only) to Rs. 9,75,34,428 (Rupees Nine Crore Seventy-Five Lakh Thirty-Four Thousand Four Hundred and Twenty-Eight only).

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

Safari Industries(I) Share Price

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