Announced Wed, 22 Jul · 16:50 IST
Board approves raising up to Rs 600 crore via multiple instruments
Fund Raising View source PDF
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AI summary
The board approved raising up to Rs 600 crore through issuance of equity shares, preference shares, convertible debentures, NCDs, warrants, or other securities. Base issue is Rs 400 crore with a green shoe option of Rs 200 crore. Mode could be preferential allotment, private placement, QIP, or combinations. Specific instrument and pricing are yet to be decided. An EGM has been called to seek shareholder approval.
Likely market impact
Potential dilution risk for shareholders; final instrument and pricing yet to be decided. EGM approval needed.