DB Realty to allot 50 mn warrants to investors including Rakesh Jhunjhunwala

DB Realty has approved an allotment of further 50 mn warrants convertible into equivalent numbers of equity shares to six non-promoter investors. The company will raise 15.75 bn through issue of warrants in multiple tranches to the promoter group and other investors, as part of its plan to become debt-free. It proposes to allot 1 crore warrants each to Rekha Jhunjhunwala, Rakesh Jhunjhunwala's RARE Investments, Abhay Chandak and Aditya Chandak. DB Realty will also allot 50 lakh warrants each to Lotus Family Trust and KIFS Dealers. 

Contact: DB Realty

Website: www.dbrealty.co.in