Repro India Limited announced that it expects to receive INR 375 million in funding from Maestro Logistics Private Limited, Trishakti Power Holdings Private Limited, Brijkishor Trading Private Limited, Param Capital Research Private Limited, Asset Management Arm, Pivotal Enterprises Private Limited
September 07, 2021
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Repro India Limited announced a private placement of 625,000 common shares at INR 480 per share for proceeds of INR 300,000,000 and 625,000 warrants at INR 120 per warrant for proceeds of INR 300,000,000 for gross proceeds of INR 375,000,000 on September 8, 2021. The Shares of face value of INR 10 each at a price of INR480 per Equity Share, includes a premium of INR 470 per share. The transaction will include participation from returning investors Sonam Parekh, Sanjeev Vohra, Trisha Mariwala, Kunal Vohra, Renu Sanjeev Vohra, Mukesh Dhruve, Shruti Dhruve and new investors MAESTRO LOGISTICS PRIVATE LIMITED, Mihir Doshi, Trishakti Power Holdings Private Limited, Brijkishor Trading Private Limited, Param Capital Research Private Limited, Asset Management Arm, Pivotal Enterprises Private Limited, Urjita Master. On post completion, MAESTRO LOGISTICS PRIVATE LIMITED will hold 0.04% stake, Trishakti Power Holdings Private Limited will hold 0.41% stake, Brijkishor Trading Private Limited will hold 1.72% stake, Param Capital Research Private Limited, Asset Management Arm will hold 0.82% stake, Pivotal Enterprises Private Limited will hold 0.25% stake, Urjita Master will hold 0.41% stake, Mihir Doshi will hold 0.04% stake, Vinod Vohra will hold 0.08% stake, Rajeev Vohra will hold 0.1% stake, Shruti Dhruve stake will be increased from 0.06% to 0.10,Renu Sanjeev Vohra stake will be increased from 0.27 to 0.36,Mukesh Dhruve stake will be reduced from 1.66% to 1.62%, Kunal Vohra stake will be increased from 0.45% to 0.63&, Trisha Mariwala stake will be increased from 0.34% to 0.52%, Sanjeev Vohra stake will be increased from 0.07% to 0.46% and Sonam Parekh stake will be reduced from 2.58% to 2.54%. The company will issue securities through preferential allotment method. The warrants are exercisable at INR 360 for a period of 18 months from the date of issue. The transaction has been approved by the board of directors of the company. The securities issued are subject to hold period. The transaction is subject to regulatory approval and the shareholders’ approval at its Extraordinary General Meeting to be held on October 6, 2021.
Repro India Limited is an international publishing industry services company. The Company operates through Value Added Print Solutions segment. It provides print solutions to client, which mainly includes value engineering, creative designing, pre-press, printing, post-press, knitting and assembly, warehousing, dispatch, database management, sourcing and procurement, localization and web-based services. It offers services to international, retail, educators, e-Book, and print. It provides educators with smarter tools designed to enrich the learning experience for children. Its pioneering learning solution, RAPPLES is a complete learning solution featuring a Learning Management System (LMS) for students and teachers. It works closely with publishers, retailers, bookstores, libraries, and schools both domestically and internationally to provide dynamic and targeted solutions for complex content publishing challenges. It has facilities in Surat, Navi Mumbai, Bhiwandi, and Chennai.
Repro India Limited announced that it expects to receive INR 375 million in funding from Maestro Logistics Private Limited, Trishakti Power Holdings Private Limited, Brijkishor Trading Private Limited, Param Capital Research Private Limited, Asset Management Arm, Pivotal Enterprises Private Limited