Board approves preferential issue to Japan's Galilei and new JV
ICEMAKE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved: (1) preferential issue of 23,67,573 equity shares at INR 802.51 each, about INR 190 crore total, to Japan's Galilei Holdings and 2 others, about 13.05 percent of post-issue capital. (2) JV with Galilei to form Ice Make Horeca Private Limited; Company 40 percent, Galilei 60 percent, total investment about INR 88.19 crore. (3) Special rights for Galilei including board nomination and pre-emptive rights. (4) Amendment of Articles of Association. EGM scheduled August 19, 2026. Subject to shareholder and regulatory approvals.
Foreign strategic investment from Japan's Galilei worth about INR 190 crore for a 13 percent stake; new Horeca refrigeration JV. Subject to shareholder approval at August 19 EGM.