Announcement under Regulation 30-Proposed Fund Raising
PRSMJOHNSN · price
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Prism Johnson's Board has approved two fund raising proposals. First, a capital raise of up to ₹500 Crores through equity shares, convertible instruments, warrants, and other eligible securities via various modes including QIP, rights issue, preferential allotment, or private placement. Second, issuance of Secured/Unsecured Redeemable Non-convertible Debentures (NCDs) up to ₹1,250 Crores on private placement basis. Both proposals are subject to shareholder approval at the ensuing Annual General Meeting. Specific details including pricing, investor names, and tenure will be decided by the Board or Fund Raising Committee at the time of actual issuance.
The dual fund raising approach—equity/debt up to ₹500 Crores and NCDs up to ₹1,250 Crores—suggests the company is exploring multiple financing options. Shareholders should note that shareholder approval is required, and the large NCD issuance could increase the company's debt burden.