Patanjali Food and Herbal Park, Falcone Peak Fund among others to invest upto Rs. 99.50 crore in KBC Global Ltd through preferential warrants
Company board approved issue of 45.23 crore convertible warrants on preferential basis at Rs. 2.20 per share; Proceeds will be utilize for the repayment of debtNashik (Maharastra) [India], October 21: Patanjali Food and Herbal Park, Falcone Peak Fund (CEIC) Ltd among other investors to invest upto Rs. 99.50 crore through convertible preferential warrants issue in KBC Global Ltd (Previously known as Karda Construction Ltd) BSE – 541161.Board of directors of the company in the meeting held on October 16, 2024 has approved to issue total of 45.23 crore warrants on a preferential basis to non-promoters at Rs. 2.20 per warrants (including a premium of Rs. 1.20 per warrant) aggregating total Rs. 99.50 crore. Each warrant shall be convertible into one equity share of face value of Rs. 1 e...