DB Realty To Issue Convertible Warrants To Rare Investments, Rekha Jhunjhunwala, Others

New Delhi: DB Realty Ltd on Wednesday said that its board has approved raising of funds through the issue of 5 crore warrants convertible into an equivalent number of equity shares with a face value of Rs 10 each to non-promoter investors on a preferential basis. Non-promoter investors included Rakesh Jhunjhunwala's Rare Investments (1 crore warrants), Rekha Jhunjhunwala (1 crore warrants), Lotus Family Trust (50 lakh), KIFS Dealers ...