Pramara Promotions Fund Raise
Pramara Promotions Limited has withdrawn its proposed preferential issue of equity shares and warrants. The decision follows prevailing market volatility and changes in equity share prices.
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Pramara Promotions Limited has withdrawn its proposed preferential issue of equity shares and warrants. The decision follows prevailing market volatility and changes in equity share prices.
Pramara Promotions confirmed zero deviation in utilizing ₹46.91 Crore raised via preferential issues and warrant conversions. Funds were fully deployed for working capital, land, and corporate purposes.
Pramara Promotions approved a Rs. 127.46 Crore preferential issue of 34,92,000 convertible warrants. This capital raise will fund working capital and facility expansion.
Pramara Promotions Limited has approved a preferential issue of 4,860,000 equity shares and convertible warrants to 123 investors. The fund raise totals ₹177.39 Crore at an issue price of ₹365 per share. This capital infusion will increase the paid-up share capital from ₹13.94 Crore to ₹19.10 Crore upon allotment.