Announced Wed, 15 Jul · 16:08 IST
Board approves valuer appointment and preferential fund raise plan
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹13.90
prior close
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base price
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AI summary
Raconteur Global Resources' board approved the appointment of Mr. Sandeep Agrawal, a Registered Valuer registered with IBBI, to value equity shares for a proposed preferential issue. The board also approved a proposal to raise funds through preferential allotment of securities. Key terms such as issue size, pricing, timing and investor identity will be finalised later, subject to shareholder and regulatory approvals under SEBI ICDR rules.
Likely market impact
Possible equity dilution ahead as company plans preferential fund raise; final terms including pricing and size are yet to be announced.