On Door Concepts Fund Raise of ₹30.81 Cr
On Door Concepts received NSE in-principle approval for a ₹30.81 Crore preferential issue. The company will allot 19.75 lakh shares to non-promoter investors.
- Value
- ₹30.81 Cr
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On Door Concepts received NSE in-principle approval for a ₹30.81 Crore preferential issue. The company will allot 19.75 lakh shares to non-promoter investors.
On Door Concepts Limited voluntarily obtained an independent valuation report for its proposed preferential issue. This move ensures pricing transparency and enhanced governance standards for stakeholders.
On Door Concepts Limited approved a preferential issue to raise ₹62.01 Crore through the issuance of 19.75 lakh equity shares and convertible warrants to 95 investors. The warrants are convertible into equity within 18 months. This capital infusion will increase the company's paid-up share capital to ₹9.62 Crore post-allotment.