Sanstar Fund Raise of ₹19.83 Cr
Sanstar Ltd received in-principle approval to issue 1.80 Crore shares at Rs. 110 each on a preferential basis. The Rs. 19.83 Crore fund raise will strengthen its capital base.
- Value
- ₹19.83 Cr
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Sanstar Ltd received in-principle approval to issue 1.80 Crore shares at Rs. 110 each on a preferential basis. The Rs. 19.83 Crore fund raise will strengthen its capital base.
Sanstar Ltd clarified NSE observations on its preferential issue EGM notice. The clarifications address valuation methodology and interim fund deployment.
Sanstar Limited executed a Share Subscription Agreement with Corn Products Development Inc. for a preferential equity issue. The deal is priced at Rs. 110 per share.
Sanstar Limited approved a ₹198.27 Crore preferential issue to Corn Products Development Inc. The issuance of 1.80 Crore shares awaits shareholder approval on June 20.
Sanstar Limited approved a ₹198.3 Crore preferential equity issue to Ingredion Incorporated's subsidiary. The strategic partnership includes a joint venture for specialty pharmaceutical ingredients.
Sanstar Limited confirmed full utilization of its ₹397.10 Crore public issue proceeds. Acuité Ratings and Research observed no deviations from the stated objects.