Transaction Details
- Instrument Allotted: 10,86,366 equity warrants (convertible into equivalent number of equity shares)
- Allottee: Tata Mutual Fund (Small Cap Fund), classified as a Non-Promoter Institution (Mutual Fund)
- Issue Price: ₹920.50 per warrant (including premium of ₹918.50 per warrant)
- Total Amount Raised: ₹100,00,00,000 (One Hundred Crore Rupees)
- Basis of Issue: Preferential allotment for cash consideration
Objects of Issue Clarification
The company provided clarification regarding deployment of unutilized funds:
- Unutilized funds will be temporarily parked in:
- Interest-bearing deposits with scheduled commercial banks
- Money market instruments and/or instruments other than high-risk or capital-eroding instruments
- In accordance with the Company's investment policy and applicable laws
Important Modification
Pursuant to NSE query, the company has omitted "high-quality liquid mutual funds" from the proposed modes of deployment of unutilized funds, as this was deemed not permissible.