Realty stock approves preferential allotment of 12.50 lakh equity shares - Check details

Infra-to-energy player Hazoor Multi Projects has informed exchanges that its fund-raising committee has approved the preferential allotment of 12,50,000 equity shares, each with a face value of Re 1, to non-promoter entities Seabird Leasing and Finvest Private Limited. The issue price is Rs 30 per share, including a premium of Rs 29. The allotment follows the conversion of 1,25,000 warrants issued earlier at Rs 300 each, adjusted after the company's stock split from Rs 10 to Re 1 face value, according to a regulatory filing.

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