Promoters of realty developer DLF have infused nearly Rs 2,250 Crs in the company. This was due to the allotment of equity shares against Warrants issued to then in 2017.
Supposedly, the company has allotted around 13.81 crore shares to the promoter group companies Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services at Rs 217.25 per share.
In a regulatory filing, the company said, “Upon receipt of Rs 2,249.90 crore now and the allotment of Equity Shares upon exercise of Warrants, the induction of capital of Rs. 11,250 crore by the promoter/ promoter group stands completed.”
Earlier in December 2017, DLF has received Rs 9,000 crore through issue of Compulsorily Convertible Unsecured Debentures (CCDs) and share warrants to promoters. DLF had already received Rs 8,250 crore towards allotment of fully-paid CCDs and Rs 750.10 crore towards 25 per cent of the warrants issue price.
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