DB Realty Ltd on Wednesday said that its board has approved raising of funds through the issue of 5 crore warrants convertible into an equivalent number of equity shares with a face value of Rs 10 each to non-promoter investors on a preferential basis.
Get latest articles and stories on Latest News at LatestLY. Real estate developer D B Realty will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, within days of Godrej Properties cancelling its plans to invest Rs 700 crore in the company to pick up 10 per cent stake and set up a joint platform. Latest News | Ace Investor Rakesh Jhunjhunwala, Others to Pick Up Stake in D B Realty.
Jhunjhunwala holds around 5.9 per cent of the watches-to-eyewear and jewellery maker that is currently valued at Rs 13,019 crore and has always had a bullish outlook on the company
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Tilaknagar Industries Ltd raises Rs. 126 crore through preferential allotment equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.