Dhruv Consultancy Services board approves preferential issue of 40 lakh equity shares

19 Jan 2022 , 11:45 AM

The Board of DIrectors of Dhruv Consultancy Services Ltd has approved the issue and allotment of up to 40,00,000 equity shares of the Company by way of Preferential Allotment and issuance of 9,22,769 share warrants.

As per regulatory filing, the board approved issuance of up to 40,00,000 Equity shares of face value of 10/- each, on a preferential basis to Reena Nitin Shinde (8,00,000 shares) and Qadosh Ventures Private Limited (32,00,000 shares), both which presently are not a promoter or member of the promoter group of the Company, at a price of Rs. 63/- per Equity Share aggregating to Rs. 25,20,00,000/- subject approvals.

At around 11:42 AM, Dhruv Consultancy was trading higher by 0.77% at Rs59.10 per piece on Sensex.

Dhruv Consultancy Services is one of India’s fastest growing project management consultancy firm in the field of infrastructure design. Over the last 17 years, Dhruv has evolved as a Brand and as an enabler of the Government’s initiatives towards excellent road infrastructure and safety.