Dhanvarsha Finvest to raise over Rs88.65 crore fund on preferential basis

14 Mar 2022 , 09:55 AM

The Board of Directors of Dhanvarsha Finvest Limited in its meeting held on March 11, 2022, considered, and approved the raising of funds amounting to Rs88,65,71,400/- by issuance of:

• 23,01,641 equity shares at an issue price of Rs132/- per share (inclusive of premium of Rs130/- per share) aggregating to Rs30,38,16,612/- to non-promoters on preferential basis; and
• 44,14,809 convertible warrants at an issue price of Rs132/- per warrant aggregating to Rs58,27,54,788/-, which shall be convertible into equivalent number of equity shares of the Company at a conversion price of Rs132/- per equity share within 18 months from the date of allotment of convertible warrants, to non-promoters on preferential basis.

At around 9:56 AM, Dhanvarsha Finvest was trading at Rs138 per piece lower by 0.22% on Sensex.