Dhani Services Limited has announced a significant fundraising initiative approved during its board meeting on December 31, 2024. The company plans to raise ₹406.35 crore through the issuance of up to 4.5 crore warrants, each convertible into one fully paid-up equity share.
Key Details of the Fundraising:
- Type of Issue: Preferential allotment in compliance with SEBI (ICDR) Regulations, 2018.
- Convertible Warrants: Each warrant will be issued at an exercise price of ₹90.30, including a premium of ₹88.30 per share.
- Subscribers: The warrants will be allotted to promoter group entities:
- Valerian Real Estate Private Limited (2.25 crore warrants)
- Calleis Infracon Private Limited (2.25 crore warrants)
- Conversion Period: Warrants can be converted into equity shares within 18 months from the date of allotment.
- Shareholder Approval: The company has scheduled an Extraordinary General Meeting on January 25, 2025, for shareholder approval of the proposal.
Impact and Outlook:
The proposed fundraising aligns with Dhani Services’ strategic goals, ensuring sufficient liquidity for growth initiatives. The issuance of warrants to promoter group entities reinforces investor confidence in the company’s long-term vision.
This development marks a key milestone in Dhani Services’ financial and operational strategy, positioning the company for sustainable growth in the coming years.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
