NEW DELHI: The board of directors of Macrotech Developers considered and approved the issue price, including a discount on the floor price for the equity shares to be allotted to qualified institutional buyers, the company informed in a BSE filing.
The floor price based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is Rs 1,129.48 per equity share. The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
For the nine months ended December 31, 2023, the company’s total consolidated income stood at Rs 6,385.60 crore and net profit for the period was Rs 887.20 crore.
During the period, the company has allotted 48,18,05,547 as fully paid up bonus equity shares of Rs 10 each by utilizing Rs 4,818 million from securities premium and capital redemption reserve.
During the period, the company has paid dividend of Rs 2 i.e. 20% fully paid up pre bonus equity shares of Rs 10 each aggregating to Rs 964 million for the financial year ended March 31, 2023.
