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The Board of Minda Corporation at its meeting held on 11 December 2020 has approved the issue and allotment of 1,18,57,143 equity shares (4.96% of paid up capital) of face value of Rs. 2 each, fully paid-up, on a preferential basis, at the issue price of Rs. 70 per equity share (including premium of Rs.68 per equity share) aggregating to Rs. 83 crore to Phi Capital Trust – Phi Capital Growth Fund – I.
Consequent to the above allotment, the paid up equity share capital of the Company has increased from 22,72,22,285 equity shares of Rs. 2 each aggregating to Rs. 45,44,44,570 to 23,90,79,428 equity shares of Rs. 2 each aggregating to Rs. 47,81,58,856.
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