February 27, 2024 / 01:06 PM IST
Stock Market LIVE Updates | IndoStar Capital to issue convertible warrants via preferential issue
Indostar Capital Finance board approved to issue 13,949,323 warrants of the company, each convertible into, or exchangeable for, 1 fully paidup equity share of the company of face value of Rs 10 each, to BCP V Multiple Holdings Pte Ltd, the promoter of the company, and/ or BCP V Multiple FVCI Holdings Pte. Ltd., an affiliate of the promoter of the company.
Also, 10,869,565 warrants of the company, each convertible into, or exchangeable for, 1 fully paid-up equity share of the company of face value of Rs 10 each, to Florintree Tecserve LLP, a limited liability partnership incorporated and existing under the laws of India, belonging to non-promoter category, by way of a preferential issue on a private placement basis.
