Dhani Services Limited reported a net profit of ₹72 million in Q4 FY2025, reversing previous year's losses. However, revenue declined by 25.08% to ₹899 million. The company approved a composite Scheme of Arrangement for amalgamation with subsidiaries and Yaari Digital Integrated Services Limited. Additionally, Dhani Services initiated a preferential issue of up to 4,50,00,000 warrants at ₹90.30 each, potentially raising ₹406.35 crore to strengthen its financial position.
20Mar 25
Dhani Services Sees Promoter Stake Increase and Real Estate Expansion
Dhani Services Limited's promoter, Valerian Real Estate Private Limited, has increased its stake through a preferential allotment of 2.25 million warrants, potentially raising the promoter group's stake to 33.55%. The company's stock responded positively, opening 4.88% higher. Additionally, Dhani Services announced a significant real estate expansion, adding 5.37 acres to its 'Indiabulls Estate & Club' project in Gurgaon, increasing the total development area to 70.80 lakh square feet with an expected revenue of ₹12,065 crore.
17Mar 25
Dhani Services Boosts Investor Confidence with Premium-Priced Convertible Warrants
Dhani Services Limited has issued 4.5 crore convertible warrants worth ₹406.35 crore to promoter group entities at ₹90.30 per warrant, a 60% premium to the current market price. The company received an initial subscription of ₹101.59 crore, with the remaining ₹304.76 crore due within 18 months. The warrants were equally distributed between Valerian Real Estate Private Limited and Calleis Infracon Private Limited. This move is expected to increase promoter stake and potentially boost investor confidence.