KH Foges stake in Swee Hong Limited reduces to 48.98%
Deepthi | Myequity news | Date : 02-02-2019 16:35:00 IST
The Board of Swee Hong Limited announced that the ordinary share capital of the Company has increased from 2,832,159,507 to 3,032,159,507 Shares after the allotment and issuance of 200,000,000 ordinary shares (New Shares) on 1 February 2019 pursuant to the exercise of 200,000,000 warrants. The New Shares will rank pari passu in all respects with the existing ordinary shares of the Company.
Post the conversion of these warrants, KH Foges Pte. Ltd.’s (KH Foges) stake in Swee Hong Limited (SHL) has reduced from 52.44% to 48.98%.
About Kridhan Infra
Established in 2006 with headquarters in Mumbai, Kridhan Infra is one of the pioneers in introducing the concept of ready-to-use steel for the construction industry in India. The company acquired KH Foges in 2012. KIL entered the EPC space with the acquisition of Swee Hong Ltd. KIL strengthened its India business with the recent acquisition of Vijay Nirman Company.