To consider and approve the raising of funds
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vivid Mercantile Ltd has informed BSE that its Board of Directors will meet on Friday, April 4, 2025, to consider and approve raising of funds. The proposed fund raise may be through equity shares, warrants, depository receipts, FCCBs, preferential issue, qualified institutions placement (QIP), rights issue, ADR, GDR, or any combination of these modes, subject to shareholder and regulatory approvals. The company has not disclosed the size, pricing, or specific mode of the fund raise in this intimation. The trading window for insiders is already closed and will remain closed until 48 hours after the audited results for FY25 are announced.
This is only an advance intimation of a board meeting and no concrete fund-raising plan has been disclosed yet. Shareholders should watch for the outcome of the April 4 board meeting and subsequent announcements for details on amount, mode, and pricing, which could lead to dilution depending on the final structure.