BRAHMAPUTRA INFRASTRUCTURE LIMITED Brahmaputra Infrastructure Limited announced a private placement to issue 191,654,731 Optionally Convertible Cumulative Preference Shares at an issue price of INR 10 per share for the gross proceeds of INR 1,916,547,310 on August 5, 2023. The transaction will include participation from new investors Punjab National Bank, Indian Overseas Bank , Union Bank of India and Indian Bank. The transaction has been approved by the shareholders of the company.
Post-Preferential Allotment on Private Placement for 191,654,731 shares for 93.25 % stake.
