Announced Tue, 4 Aug · 10:19 IST
Postal ballot for USD 65 million fund raise and higher FPI and NRI limits
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.6%1-day move
₹9.39
prior close
₹8.93
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-9.6-14.1-18.3-19.1-22.3-29.7-53.0-47.0——
Up moveDown movePending
AI summary
Kalind Limited is seeking shareholder approval via postal ballot to raise up to USD 65 million through QIP, FCCB, ECB or other permitted modes in one or more tranches. Proceeds will fund expansion of heavy equipment fleet and infrastructure projects. Separately, the company proposes raising FPI investment limit to sectoral cap and NRI and OCI limit from 10 percent to 24 percent of paid-up capital. E-voting runs from August 6 to September 4, 2026.
Likely market impact
Fund raise may dilute existing shareholders if equity is issued. Wider FPI and NRI limits open the door to more foreign capital.