For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Barbeque Nation Raises Nearly Rs 100 Crore via Preferential Issue of Equity Shares

By
|

Restaurants chain Barbeque Nation Hospitality Ltd on Saturday said it has raised nearly Rs 100 crore through preferential issue of equity shares to three different investors, including Massachusetts Institute of Technology.

 

The company's stakeholders' relationship committee in its meeting on Saturday approved an allotment of 11,77,855 fully paid-up equity shares of a face value of Rs 5 each at a premium of Rs 844 by preferential allotment, the company said in a regulatory filing.

Barbeque Nation Raises Nearly Rs 100 Crore

It has allotted 7,06,713 equity shares to Massachusetts Institute of Technology for an aggregate subscription amount of Rs 59,99,99,337. On the other hand, 1,76,678 equity shares have been allotted to 238 Plan Associates LLC for an aggregate subscription amount of Rs 14,99,99,622, the filing added.

Motilal Oswal Equity Opportunities Fund Series-II has been allotted 2,94,464 equity shares for an aggregate subscription amount of Rs 24,99,99,936, it said. Consequent upon the above allotment, the paid-up share capital of the company has increased to Rs 19,37,16,375 from Rs 18,78,27,100, it said.

(PTI)

Read more about: shares equity barbeque nation
Story first published: Saturday, September 4, 2021, 15:58 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X