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3i Infotech on Tuesday allotted 14.447 lakh equity shares of ₹10 each at a conversion price of ₹19.74 on a preferential basis to Standard Chartered Bank, one of the CDR lenders, as per the master restructuring agreement. This allotment is subject to the lock-in requirements as stated in the SEBI regulations, the company said. Shares of 3i Infotech closed at ₹7.85 on the NSE, down 3.68 per cent.
Technofab Engineering has announced letter of awards have been received for ₹54 crore for a waste water rehabilitation project in Kenya and ₹208 crore for a rural electrification project in Bihar. With these orders, the total order book has crossed ₹1,500 crore, the company said in a notification to the exchanges. Shares of Technofab Engg surged 3.55 per cent to ₹149.90 on the NSE.
The board of directors Vora Constructions has decided to discontinue the activities relating to NBFC business from December 31 and take steps to surrender the NBFC Registration. The board will take up business of works contract, constructions & development of commercial and residential properties as per the Main Objects of the Company.
The board also approved to raise further funds through issue of 60 lakh equity shares/optionally convertible warrants on preferential basis to promoter group, strategic investors and other prospective investors.
The board has also decided to increase the authorised capital of the company from ₹2.25 crore to ₹8 crore.
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