Tag: Mr Ashok Holani

Business, Press Release

Jaipur based Holani Consultants set record by managing 224cr rights issue of AGL

Jaipur (Rajasthan) [India], October 07: Tier II City based Investment Banker Holani Consultants Private Limited successfully lead managed Maiden Right Issue of 3rd Largest Tile manufacturing company in India ASIAN GRANITO INDIA LIMITED. The Right Issue size was 224.64 Cr and opened for subscription on 23rd September 2021 and closed on 7th October 2021. The issue was oversubscribed by 1.13%, and applications for Rs 255.67 Cr received in the right issue till 4.00 PM on 7th October 2021.The right issue in terms of the fund raised was 3rd largest Right Issue in the fiscal year 2021 and the first right issue under the Ceramic industry since the fiscal year 2010.The issue was attractively priced at Rs.100/- against the CMP of Rs.170 per share, which resulted in overwhelms responses from the ...