In furtherance to letter dated 27th November, 2024 and pursuant to Regulation 30 of the SEBI Listing Regulations, RDB Infrastructure and Power has informed that the Board of Directors of the Company, by way of resolution passed through circulation, has considered and approved the allotment of equity shares upon conversion of 56,25,000 warrants into equivalent equity shares of face value of Re 1 each, to ‘Non-Promoters Category’ on preferential basis, upon receipt of balance amount aggregating to Rs 17,08,59,375 at the rate of Rs 40.5 per warrant, being 75% of the issue price of the warrant, from the allottee pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The details of the allottees are enclosed as Annexure I. Consequent to this conversion of warrants/allotment of equity shares, the issued and paid-up capital of the Company stands increased to Rs 21,00,09,000 consisting of 21,00,09,000 equity shares of Re 1 each. The new equity shares so allotted, shall rank with the existing equity shares of the Company. The disclosures as required Schedule III of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 is attached and marked as Annexure-II.
| Company Name | CMP |
|---|---|
| Lodha Developers | 856.15 |
| Dilip Buildcon | 455.10 |
| DLF | 592.60 |
| Oberoi Realty | 1707.70 |
| Ahluwalia Contract(I | 887.10 |
| View more.. | |
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