KBC Global Ltd News
KBC Global approves bonus share issue, proposes to change company's name
Nashik-based KBC Global on Monday said its board has approved a bonus share issue of one new share for every share held by shareholders and a proposal to change the company name to Dharan Infra-EPC Ltd. The company also said that it looks to reduce debt in the near future and expedite expansion plans to turn around business operations. The board of directors in the meeting held on Friday approved the bonus issue in the ratio of 1:1 subject to approval of the shareholders of the company, the company statement said. The board also approved a proposal to increase authorized capital and proposed renaming KBC Global Ltd to Dharan Infra-EPC Ltd or another name approved by the ROC. The company said its order book stood at over Rs 260 crore. Recently, Patanjali Food and Herbal Park and Falcone Peak Fund (CEIC) Ltd, among others, invested Rs 99.50 crore in the company and the proceeds will be utilized for the repayment of debt, it said. The company also announced the appointment of Naresh
 "KBC Global approves bonus share issue, proposes to change company's name")
KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food
Construction and infrastructure firm KBC Global has raised nearly Rs 100 crore from Falcone Peak Fund, Patanjali Food and Herbal Park and other investors, a statement said on Monday. The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors, the company said. The company board has approved the issuance of warrants at a price of Rs 2.20 per warrant, it added. Out of the total issue, Falcone Peak Fund (CEIC) Ltd will be allotted 26 crore warrants for around Rs 57.2 crore. Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park will be allotted 4.55 crore warrants and Foresight Holding Pvt Ltd is expected to be allotted 2.28 crore warrants, the company said. Post issue of the warrants, the shareholding of Falcone Peak Fund (CEIC) Ltd in KBC Global Ltd is expected to be 8.48 per cent, Patanjali companies around 1.48 per cent and Foresight Holding Pvt Ltd around 1.04 per cent respectively. The warrants shall be converted
 "KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food")
