The board of directors of Prestige Estates Projects will meet on Friday to consider and approve raising of funds through preferential issue to an identified allottee. Last week, the board had approved the increase of existing authorised share capital of the company and an allottment of 1.98 crore equity shares to qualified institutional buyers. Shareholders will closely monitor the quantum of funds the company plans to raise, the price of the issue and identification of allottees.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.