Anant Raj Limited approves allotment of 1,68,91,891 Equity Shares to QIBs

The Finance and Investment Committee of Anant Raj Limited at its meeting held today, i.e., January 18, 2024, approved the allotment of 1,68,91,891 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 296 per Equity Share, i.e., at a premium of Rs. 294 per Equity Share (which includes a discount of Rs. 14.78 per Equity Share, being equivalent to a discount of 4.76% of the floor price of Rs. 310.78 per Equity Share, as determined in terms of the SEBI ICDR Regulations), aggregating to approximately Rs. 500 crores (Rupees Five Hundred Crore only), pursuant to the Issue.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs. 64,81,92,670 consisting of 32,40,96,335 Equity Shares to Rs. 68,19,76,452 consisting of 34,09,88,226 Equity Shares of face value of Rs. 2 each.

Shares of Anant Raj Limited was last trading in BSE at Rs. 319.25 as compared to the previous close of Rs. 315.65. The total number of shares traded during the day was 142226 in over 1201 trades.

The stock hit an intraday high of Rs. 320.95 and intraday low of 307.90. The net turnover during the day was Rs. 45147482.00.

Source : Equity Bulls

Keywords

AnantRaj INE242C01024 SharesAllotment QIBs