Dhanvarsha Finvest Ltd allots 15,98,727 CCDs

The Board of Directors of Dhanvarsha Finvest Limited ('the Company') has in accordance with the approval of the shareholders at the EGM of the Company held on March 04, 2021, passed circular resolution today i.e. April 14, 2021, approving the allotment of first tranche of 15,98,727 (Fifteen Lakh Ninety-Eight Thousand Seven Hundred and Twenty-Seven Only) unsecured compulsorily convertible debentures (CCDs), having face value of Rs.400 on preferential basis to various Non Promoter investors, including Aviator Emerging Market Fund, for an aggregate amount of Rs. 63,94,90,800 /- (Rupees Sixty-Three Crores Ninety-Four Lakhs Ninety Thousand and Eight Hundred only).

Shares of Dhanvarsha Finvest Ltd was last trading in BSE at Rs.588.5 as compared to the previous close of Rs. 554.15. The total number of shares traded during the day was 67453 in over 313 trades.

The stock hit an intraday high of Rs. 589 and intraday low of 550. The net turnover during the day was Rs. 38741821.

Source : Equity Bulls

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