Dhanvarsha Finvest to raise Rs. 88.65 crores

The Board of Directors of Dhanvarsha Finvest Limited ("Company") in its meeting held today i.e. March 11, 2022, considered, and approved the raising of funds amounting to Rs. 88,65,71,400/- (Rupees Eighty Eight Crores Sixty Five Lakhs Seventy One Thousand Four Hundred only) by issuance of:

- 23,01,641 equity shares at an issue price of Rs. 132/- per share (inclusive of premium of Rs. 130/- per share) aggregating to Rs. 30,38,16,612/- (Rupees Thirty Crores Thirty Eight Lakhs Sixteen Thousand Six Hundred and Twelve only) to non-promoters on preferential basis; and

- 44,14,809 convertible warrants at an issue price of Rs. 132/- per warrant aggregating to Rs. 58,27,54,788/- (Rupees Fifty Eight Crores Twenty Seven Lakhs Fifty Four Thousand Seven Hundred and Eighty Eight only), which shall be convertible into equivalent number of equity shares of the Company at a conversion price of Rs.132/- per equity share within 18 months from the date of allotment of convertible warrants, to non-promoters on preferential basis.

Source : Equity Bulls

Keywords

DhanvarshaFinvest FundRaising ConvertibleWarrants