Cantabil Retail India Ltd to issue 20 lakh shares to Think India Opportunities Master Fund LP

The Board of Directors ('Board') of Cantabil Retail India Ltd, at its meeting held today i.e. January 18, 2024, approved the issuance of 20,00,000 (Twenty Lakh) equity shares of face value of Rs. 2/- each of the Company to Think India Opportunities Master Fund LP, an exempted limited partnership formed under the laws of Cayman Islands under the provisions of the Exempted Limited Partnership Law having Registration Number MC-104733 having its office at Maples Corporate Services Limited, P.O. BOX 309, Ugland House, South Church Street George Town, Grand Cayman Ky1-1104 on a preferential basis ("Preferential Issue") in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations"), as amended and other applicable laws, at a price of Rs. 252/- (Indian Rupees Two Hundred Fifty-Two Only) per Equity Share aggregating to Rs. 50,40,00,000, (Rupees Fifty Crore Forty Lakh Only) subject to the approval of the shareholders of the Company at the Extraordinary General Meeting. Think India Opportunities Master Fund LP has issued an investment confirmation letter to the Company and the investment will be subject to convening an Extra-ordinary General Meeting of the Company on Wednesday, February 14, 2024 through video conferencing or other audio-visual means, to seek necessary approval of the members, for the aforementioned issue.

Source : Equity Bulls

Keywords

CantabilRetailIndia FundRaising 20LakhShares ThinkIndiaOpportunitiesMasterFundLP