Tuesday, March 05, 2024
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They have been penalised for flouting insider trading norms in the shares of Rupa and Company Ltd (RCL)

The takeover is expected to be completed in 21-30 days

The company has allocated 37.93 lakh equity shares to 31 funds at Rs 672 apiece, aggregating the transaction size to Rs 255 crore, according to a circular uploaded on the BSE website

The IPO, with a price band of Rs 415-436 a share, would open for public subscription from April 3, and the proceeds from the fresh issue would be used towards debt payment, funding working capital requirements and general corporate purposes

The company plans to utilise the funds for onward lending to the micro-entrepreneurs

Mufin Green Finance plans to allocate the acquired funds to strengthen its retail e-rickshaw or electric three-wheeler portfolio

The initial share sale of KFin Technologies was subscribed 2.59 times last week