New Delhi: Mumbai-based DB Realty Ltd Friday said it would issue up to 3.7 crore warrants on preferential basis to promoters.
The board in a meeting held Friday has approved the "issuance of up to 3.7 crore warrants on preferential allotment basis to promoters/promoter group, with each warrant convertible into one equity share of the company", the company said in a filing to the BSE.
The board also approved the issuance of shares under ESOP scheme to eligible employees.
An Extra Ordinary General Meeting has been called on November 3 to take approval from the shareholders.
As on June 30, the promoters had 62.47 percent stake in the company. The company's share price settled at Rs 86.70 apiece on BSE, up by 7.7 percent from previous closing.