RJ, Rare Enterprises, Barclays and others to pick 5 crore warrants in D B Realty Ltd

The Board of Directors of D B Realty Ltd at its meeting held today i.e., 9th February, 2022, has approved the raising of funds through issue of 5,00,00,000 warrants convertible into equivalent number of equity shares of the face value of Rs. 10/- each to Non-Promoter Investors on a Preferential basis ("Preferential Issue") at a price not being lower than the price determined in accordance with Chapter V of SEBI ICDR Regulations and other applicable regulation, if any.

The above Convertible warrants will be in addition to 7,70,00,000 warrants already announced. The allottees include:

Mrs. Rekha Jhunjhunwala : 1,00,00,000 Warrants

M/s RARE Investments, a partnership firm represented through its Partner Mrs. Rekha Jhunjhunwala : 1,00,00,000 Warrants

Lotus Family Trust represented by its Trustee namely Barclays Wealth Trustees (India) Private Limited : 50,00,000 Warrants

M/s KIFS Dealers, a partnership firm represented through its Partner Khandwala Finstock Private Limited : 50,00,000 Warrants

Mr. Abhay Chandak : 1,00,00,000 Warrants

Mr. Aditya Chandak: 1,00,00,000 Warrants

Each warrant is convertible Into 1 Equity Share and the conversion can be exercised at any time within a period of 18 months from the date of allotment, in one or more tranches, as the case may be and on such other terms and conditions as applicable.

Shares of D B Realty Limited was last trading in BSE at Rs. 111.15 as compared to the previous close of Rs. 105.90. The total number of shares traded during the day was 1086592 in over 1586 trades.

The stock hit an intraday high of Rs. 111.15 and intraday low of 106.00. The net turnover during the day was Rs. 120553676.00.

Source : Equity Bulls

Keywords

DBRealty 3INE879I01012 FundRaising RJ RAREEnterprises Barclays KIFSDealers AbhayChandak