Anant Raj has completed additional investment in Ashok Cloud (ACPL), a wholly owned subsidiary of the Company, by acquiring additional 37.43 crore fully paid-up equity shares at a face value of Rs 2 per equity share aggregating to Rs 74.86 crore, via a rights issue.
Following the investment, ACPL's paid-up equity share capital has increased significantly from Rs 5 lakh (comprising 2.5 lakh equity shares) to Rs 74.91 crore (comprising 37.46 crore equity shares) of Rs 2 each. However, the percentage of shareholding and voting rights exercised by the company in ACPL remain unchanged at 100%.
Anant Raj is one of India’s leading Infrastructure Development Enterprise.
