New Delhi, March 3 -- Infrastructure firm Hazoor Multi Projects Limited, on Monday, March 3, announced that the fund-raising committee of the company had approved the allotment of preferential shares to a Nagpur-based Domestic Institutional Investors (DII) West Midlands Ventures Private Limited, as per the BSE filing.

According to the small cap firm's statement, the company has allotted 17,77,777 or 17.77 lakh equity shares with a face value of Re 1 per share at an issue price of Rs.30 each. This deal was a conversion of 1,77,777 or 1.77 lakh share warrants, which resulted in an amount of Rs.3,99,99,983 or 3.99 crore.

The warrants were issued at an issue price of Rs.300 each after adjusting for the number of shares, paid-up capital per ...