Deccan Chronicle Holdings (DCHL) on Monday said it has issued over 6.6 crore equity shares to its lender Srei Infrastructure Finance.
The issuance of the equity shares of R2 each at a premium of R1.18 per share is for conversion of a part of Srei’s loan dues into equity.
The 6.6 crore quity shares allotted to Srei constitute 24% of the expanded paid-up equity share capital of DCHL.
After issuing fresh shares to the Kolkata-based infrastructure finance company, the ailing media house’s expanded paid-up equity share capital
now stands at 27.5 crore shares from 20.89 crore shares earlier.