Ramkrishna Forgings Limited (BSE:532527) announced a private placement of 3,724,500 common shares at INR 132.75 per share for gross proceeds of INR 494,427,375 on February 14, 2013. The shares will be issued to new investor, Wayzata II Indian Ocean Limited, a fund managed by Wayzata Investment Partners LLC on a preferential allotment basis. The transaction was approved in the board meeting. The company will now seek approval for the transaction in the extraordinary general ... meeting scheduled to be held on March 20, 2013. The investor will pick up a 13.35% stake in the company post dilution. On March 20, 2013, the company announced that the transaction was approved at the extraordinary general meeting. The investor will hold a 15.01% stake in the company pursuant to the transaction.
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Ramkrishna Forgings Limited (BSE:532527) entered into an agreement to acquire Globe Forex and Travels Limited on December 24, 2012. Globe Forex is having a turnover of INR 1.6 billion as on March 31, 2012. The transaction is subject to fulfillment of certain conditions.

Ramkrishna Forgings Limited (BSE:532527) announced a private placement of 2,929,400 common shares at INR 128 per share on preferential basis for gross proceeds of INR 374,963,200 on December 8, 2012. The company will also issue 3,077,000 warrants at INR 32.5 per warrant, being 25% of exercise price of INR 130 per share. International Finance Corporation and existing investor Eastern Credit Capital Ltd will subscribe for 2,148,400 and 781,000 shares respectively. International ... Finance Corporation shall acquire an 8.9% stake in the company through this transaction if all warrants are also converted. Eastern Credit Capital Ltd will also subscribe for 3,077,000 warrants for gross proceeds of INR 100,002,500. The company in total will raise INR 474,965,700. The warrants will expire in 18 months from the date of issue. On December 14, 2012, the company announced that it has received funding from International Finance Corporation.
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