Dhani Services Limited — QIP/Rights/Pref., 31-12-2024: Preferential issue

Dhani Services Limited has announced a board meeting to raise funds through a preferential allotment of up to 4,50,00,000 convertible warrants at an exercise price of INR 90.30 each. The total amount to be raised is approximately INR 406.35 crore. The warrants will be issued to two promoter group entities: Valerian Real Estate Private Limited and Calleis Infracon Private Limited. An Extraordinary General Meeting is set for January 25, 2025, to seek shareholder approval for this issuance. Each warrant can be converted into one fully paid-up equity share within 18 months following allotment.