Property developer Ansal Properties and Infrastructure (Ansal API) today said its board has approved preferential allotment of equity shares to a set of investors including Enam Investment Services.
The company will raise Rs 71 crore through the preferential allotment. Ansal API will allot 8.55 million shares, representing 6.94 per cent in the pre-issue capital of the company. The price is Rs 82.50 per share, with Rs 77.50 as a premium.
The company's board also approved its plans to raise Rs 1,000 crore through qualified institutional placement route. "Depending on the market conditions, the company will deice the timing for the proposed QIP,'' it said.
It will seek shareholders nod for both preferential allotment and QIP.
Post preferential allotment, promoters stake in the company will go down to 55.5 per cent from 59.4 per cent.
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