The Wadia Group is planning to infuse INR 5100 million into its airline Go First through its Mauritius-based entity Baymanco Investments, reported Business Standard. The cash influx is to meet the airline’s working capital requirements and general corporate purposes. Baymanco Investments will be allotted these CCPS within one year. Once allotted, the CCPS will be converted into equity shares after five years at the price of INR 75 per equity share, which means that 15 CCPS of the face value of INR 10 each will be converted into two equity shares of INR 10 each. According to the documents, these
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