The approval is for issuance of 500,000 warrants with an option to apply for and be allotted equal number of equity shares, of the company to M/s KITARA PIIN 1102, Mauritius, the release said.
The proposed issuance of warrants is to be made at an issue price of Rs 315/- (which includes a premium of Rs 305/- per equity share). The FDI inflow by the foreign investor is expected to be around Rs 15.75 crore, the release added.
The stock opened at Rs 190 and touched a low of Rs 185. At 12:35PM, over 472,000 shares were traded on both the stock exchanges.
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