The issue price will be Rs 382 per security and 44 investors are participating in this issue, including promoters and existing investors. On Tuesday, Tilaknagar’s stock rose 0.27% to close at Rs 510.45.
“Of these, nine investors are subscribing through equity shares, contributing about Rs.549 crore. The remaining 35 investors are participating by warrant, about Rs.
According to the conditions, RS will be paid at the time of allotment of 437 crore or a quarter warrant of warrant issue size, while after the conversion of equity shares, the balance will be received Rs.1,310 crore.
While Amit is participating in the promoter group led by Dahankar, who will subscribe to a warrant of Rs.306 crore, other investors include X’s Estate LLP, Smallk AP World Fund Inc., TimF Holdings, Abax Asset Manager, Bandhan Mutual Fund.
Last week, Tilaknagar signed an agreement to receive the royal blue for about Rs 4150 crore in the all-cash deal, entering the whiskey segment, which accounts for about two-thirds of India.
Tilaknagar, who sells the Mansion House brandy, said it would increase by Rs 6500 crore, which includes debt securities up to Rs 2,500 crore in equity or equity linked securities and one or more branches.
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