7Seas Entertainment Fund Raise of ₹17.32 Cr
7Seas Entertainment confirmed full utilization of ₹17.32 Crore raised via preferential allotment. The company reported zero deviation from stated objects during the March 2026 quarter.
- Value
- ₹17.32 Cr
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7Seas Entertainment confirmed full utilization of ₹17.32 Crore raised via preferential allotment. The company reported zero deviation from stated objects during the March 2026 quarter.
7Seas Entertainment Ltd reported receiving ₹7.55 Crore from a preferential issue. The Monitoring Agency confirmed funds were utilized for working capital and general corporate purposes.
Mr. Lingamaneni Anirudh, a promoter of 7Seas Entertainment Limited, acquired 1,50,000 convertible warrants through a preferential allotment on April 16, 2026. This acquisition represents 0.61% of the company's diluted share capital upon potential conversion.
7Seas Entertainment Limited promoter L. Maruti Sanker acquired 1,50,000 equity shares via preferential allotment. This acquisition increases the promoter's holding from 27.29% to 27.00% of the expanded equity capital (post-dilution basis: 25.49%).
L. Hemalatha, a promoter of 7Seas Entertainment Limited, acquired 40,000 equity shares via a preferential allotment on April 16, 2026. This acquisition increases the promoter's holding from 1.79% to 1.90% of the company's equity share capital.
7Seas Entertainment Limited promoter L. Maruti Sanker acquired 1,50,000 equity shares via a preferential allotment. This acquisition increases the promoter's holding from 27.29% to 27.00% of the expanded equity capital, following the issuance of new shares by the company.