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KBC Global Ltd finalized April 4th as record date for 1:1 Bonus Issue
- KBC Global Ltd, a construction and real estate development company, has set April 4th as the record date for a 1:1 bonus issue after receiving approval in an extraordinary general meeting.
- The company's order book is over Rs. 260 crore with a market capitalization of Rs. 266 crore.
- Investors like Patanjali Food & Herbal Park, Falcone Peak Fund are expected to invest up to Rs. 99.50 crore in KBC Global Ltd through preferential warrants.
- The company signed an MOU with Liberia SEZ Authority for $12.5 million residential and commercial projects.
- KBC Global Ltd's subsidiary secured a $20 million subcontract in civil engineering in Africa.
- The company aims to expedite expansion plans, reduce debt, and rebrand as Dharan Infra-EPC Ltd.
- Bonus equity shares will be issued from permissible reserves, totaling Rs. 261.43 crore, with a share capital increase to Rs. 522.87 crore post-bonus issue.
- KBC Global specializes in residential and commercial projects and plans strategic expansions domestically and internationally.
- Mr. Naresh Karda appointed as Chairperson of KBC Infrastructure Ltd, a UK-based subsidiary of KBC Global.
- The company aims for long-term value creation through strategic capital restructuring and rebranding efforts, focusing on infra growth.
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