India, Aug. 1 -- IFL Enterprises Ltd announced on Friday that its Board of Directors has approved a strategic investment proposal from UNIQUBE Global Managed Services Pte. Ltd., Singapore, for the acquisition of up to 12% equity stake in the company. The proposed investment is set at a price of ?2 per share.
In a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), the company stated that the Board has given in-principle approval to proceed with structuring the investment through an appropriate method. This may include preferential allotment, Qualified Institutional Placement (QIP), or a Rights Issue, in full compliance with SEBI regulations, FEMA guidelines, and other applicable statutory require...