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Newtime Infrastructure converts preference shares into equity, allotting shares to MGR Investment and Atambhu Buildwell
14-Aug-2026, 08:29
Newtime Infrastructure Limited said its board approved the conversion of 2,35,50,530 Compulsory Convertible Preference Shares with a face value of Rs 1 each into an equal number of equity shares, following approvals from shareholders and BSE Limited. The conversion involves allotments to MGR Investment Private Limited, which will receive 18,84,061 shares, and Atambhu Buildwell Private Limited, which will receive 2,16,66,469 shares.
Newtime Infrastructure Limited said its board approved the conversion of 2,35,50,530 Compulsory Convertible Preference Shares with a face value of Rs 1 each into an equal number of equity shares, following approvals from shareholders and BSE Limited. The conversion involves allotments to MGR Investment Private Limited, which will receive 18,84,061 shares, and Atambhu Buildwell Private Limited, which will receive 2,16,66,469 shares.