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Emerald Finance Finalizes Allotment of 10 Lakh Equity Shares

The Business Guardian

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January 03, 2025

Emerald Finance Limited (BSE: EMERALD), has successfully completed the allotment of 10,00,000 equity shares at Rs100 per share, including a premium of Rs90 per share, as part of its preferential issue.

Emerald Finance Finalizes Allotment of 10 Lakh Equity Shares

This milestone follows shareholder and regulatory approvals, including the in-principle nod from BSE Limited on December 27, 2024.

The company has allotted shares to various non-promoter entities, including prominent names:

Minerva Ventures Fund: A Mauritius-based Foreign Portfolio Investor, allotted 5,00,000 shares. Rajesh Jain: Allotted 30,000 shares; he was one of the founding partners of KPMG in India, served KPMG in both India and Africa, and also held the position of Head Markets at Walker Chandiok LLP.

  • Other allottees include:

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