(“Transferor Company”) and Megasoft Limited (“Transferee Company”) and their respective. Limited and National Stock Exchange of India Limited in relation to the Scheme.
Placement Basis not exceeding USD 50 Million. Recommended Raising of Funds by Issuance of Equity/Other Eligible Securities through Qualified Institutional. Placement (QIP) not exceeding INR 250 Crores.
Why it matters
CapitSignal interpretation
A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.
A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.
What happened
Fact
Placement Basis not exceeding USD 50 Million. Recommended Raising of Funds by Issuance of Equity/Other Eligible Securities through Qualified Institutional. Placement (QIP) not exceeding INR 250 Crores.
Update 14 of 22 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Creditors (CoC) of Jaiprakash Associates Limited (Company). which is currently undergoing Corporate Insolvency Resolution.
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
(“Transferor Company”) and Megasoft Limited (“Transferee Company”) and their respective. Limited and National Stock Exchange of India Limited in relation to the Scheme.
