Ansal Properties and Infrastructure board allots 2.12 crore warrants

6 Jul 2022 , 09:17 AM

The board of directors of Ansal Properties and Infrastructure Ltd have approved the allotment of 2,12,00,000 nos. of Warrants, convertible into equivalent nos. of Equity shares (i.e. one fully paid up Equity share upon conversion of every one Warrant held) of a face value of Rs. 5/- each of the Company (‘Warrants’), at an exercise price of Rs 17/- (including a premium of Rs 12/-) per Equity share (‘Exercise Price’).

According to the regulatory filing, the names of the investors are:
Orchid Realtech Private Limited, an Indian Company promoter and no. of warrants allotted is 88,00,000.
ICP Investments (Mauritius) Limited, registered with SEBI as Foreign Venture Capital Investor {Non-Promoter entity (Public)} and no. of warrants allotted are 89,000,000.

On Wednesday early morning trade, Ansal Properties & Infrastructure was trading at Rs13 per share lower by 0.54% on the BSE.