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Hubtown Limited Issues Corporate Announcement for Preferential Share Issue and Extra Ordinary General Meeting

Strategic Insights

— 1 min read

Hubtown Limited has announced its intention to issue equity shares to private investors through a preferential issue, with the company's board of directors approving the issuance of up to 146,800,249 shares to persons identified in Annexure A at an issue price of INR 341 per share, aggregating up to INR 5,00,59,64,909. The proposed issue size and equity investors are subject to regulatory approvals and members' approval, which will be sought at an Extra Ordinary General Meeting on September 23, 2025.

Key Takeaways:

  • Hubtown Limited's board of directors has approved the issuance of up to 146,800,249 equity shares to private investors at an issue price of INR 341 per share.
  • The proposed equity issue aggregates up to INR 5,00,59,64,909 and is subject to regulatory approvals and members' approval.
  • The Extra Ordinary General Meeting on September 23, 2025 will seek approval for the preferential issue and other related matters.
  • The names of the proposed equity investors and the maximum amount of investment are set forth in Annexure A.
  • The disclosure required pursuant to Regulation 30 of the SEBI LODR Regulations is provided in Annexure B.
  • Hubtown Limited has requested the National Stock Exchange of India Limited to disseminate the submission.

Statistics:

  • 146,800,249 equity shares to be issued to private investors.
  • INR 341 as the issue price per equity share.
  • INR 5,00,59,64,909 as the aggregate amount of the proposed equity issue.
  • September 23, 2025 as the date for the Extra Ordinary General Meeting.

Sources:

  • National Stock Exchange of India Limited
  • Hubtown Limited
  • Companies Act of 2013
  • Companies (Prospectus and Allotment of Securities) Rules, 2014
  • Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular dated July 11, 2023

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