Hindustan Foods Ltd approves allotment of convertible warrants to marquee investors

The Board of Directors of HINDUSTAN FOODS LIMITED at their Meeting held on today i.e. December 20, 2023 has considered and approved the allotment of 56,75,054 Convertible Warrants at a price of Rs. 546.25/- each (including face value of Rs. 2/- each at a premium of Rs. 544.25/- each) by way of Preferential Issue to the certain identified Qualified Institutional Buyers (QIBs) under Non-Promoter category.

The board also approved the allotment of 15,96,027 Convertible Warrants at a price of Rs. 563.90/- each (including face value of Rs. 2/- each at a premium of Rs. 561.90/- each) by way of Preferential Issue to the certain identified Non-Qualified Institutional Buyers (Non QIBs) under Non-Promoter category.

The allottees under QIBs include:

1. Infinity Holdings - 14,64,530 Warrants
2. Infinity Holding Sidecar I - 14,64,530 Warrants
3. Malabar Select Fund - 9,15,331 Warrants
4. Sixth Sense India Opportunities III - 18,30,663 Warrants

The allottees under Non-QIBs include:

1. Bay Capital Holdings Limited - 10,64,018 Warrants
2. Vanaja Sundar Iyer - 5,32,009 Warrants

Source : Equity Bulls

Keywords

HindustanFoods ConvertibleWarrants Allotment