ARSSINFRANSEARSS Infrastructure Projects Limited· ConstructionMediumNeutral
Announced Thu, 23 Jul · 17:36 IST
ARSS Infra Board approves capital hike, Rs250 Cr preference issue to promoter
Corporate Actions View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
ARSS Infra board approved raising authorized capital from Rs110 Cr to Rs500 Cr. Also approved issuing 2.5 Cr preference shares worth Rs250 Cr to promoter Ocean Capital Market via private placement, at 0.01 percent dividend with 12 percent IRR on 22-month redemption. Postal ballot set for shareholder approval.
Likely market impact
Promoter subscribing Rs250 Cr in preference shares raises dilution risk if redemption delayed; postal ballot seeks shareholder approval.