Oriental Rail Infrastructure Ltd announces warrants issue to investors including Mukul Mahavir Agrawal

The Board of Directors of Oriental Rail Infrastructure Limited at their Meeting held on today i.e. Thursday, February 22, 2024 has considered and approved the allotment of 75,00,000 Warrants convertible into equivalent number of equity shares of face value Rs. 1/- at a price of Rs. 169/- (including premium of Rs. 168.00/-) on Preferential Basis to Wazeera S Mithiborwala belonging to the Promoter/Promoter Group category.

The board also approved allotment of 50,56,000 Equity shares at a price of Rs. 169/- each (including face value of Rs. 1/- each at a premium of Rs. 168/- each) on Preferential Basis to Non-Promoter Group Category. The allotees are:

1. Mukul Mahavir Agrawal - 34,00,000
2. Parag Chandulal Mehta - 1,25,000
3. Gaurishankar Jhalani - 1,50,000
4. Hardik Agrawal - 1,00,000
5. Param Mayank Agrawal - 90,000
6. Paragraph Securities Pvt Ltd - 1,00,000
7. ANG Corporate Services Pvt. Ltd. - 50,000
8. Susham Jayant Sirsat - 1,00,000
9. Akriti Agarwal - 75,000
10. Vijay Ramvallabh Khetan - 50,000
11. Prajakta Sushil Patil - 40,000
12 Rishi Kedia - 40,000
13. Snehlata Ashok kumar Todi - 40,000
14. Sushil Anant Patil - 40,000
15. Bhavin Haresh Thakkar - 30,000
16. Sagar Arya - 25,000
17. Gandhi Tejas Pradip - 25,000
18. Mahesh Chain Khubchandani - 15,000
19. Sandeep Kamalnayan Ajmera - 10,000
20. Ajay Jayram Prabhudesai - 10,000
21. Chaitali K. Shah - 10,000
22. Akshay Lalit Jogani - 6,000
23. Rahul Gupta - 10,000
24. Chintan Hemantkumar Desai - 10,000
25. Nexta Enterprises LLP - 2,40,000
26. Hemant Kumar Mansinghka - 1,00,000
27. Harshit Arvind Poddar - 1,60,000
28. Rajen Hemchand Gada - 5,000.

Shares of Oriental Rail Infrastructure Ltd was last trading in BSE at Rs. 270.35 as compared to the previous close of Rs. 273.65. The total number of shares traded during the day was 165941 in over 1572 trades.

The stock hit an intraday high of Rs. 285.20 and intraday low of 267.15. The net turnover during the day was Rs. 45835838.00.

Source : Equity Bulls

Keywords

OrientalRailInfrastructure INE457G01029 PreferentialIssue ConvertibleWarrants EquityShares