Sobhagya Mercantile Fund Raise of ₹43.88 Cr
Sobhagya Mercantile Limited allotted 6,50,500 convertible warrants to Nova Global Opportunities Fund on a preferential basis. The transaction is valued at approximately ₹43.88 Crore.
- Value
- ₹43.88 Cr
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Sobhagya Mercantile Limited allotted 6,50,500 convertible warrants to Nova Global Opportunities Fund on a preferential basis. The transaction is valued at approximately ₹43.88 Crore.
Sobhagya Mercantile allotted 13,01,000 convertible warrants worth ₹87.75 Crore on a preferential basis. The warrants are convertible into equity shares within 18 months.
Sobhagya Mercantile Limited confirmed full utilization of ₹90.95 Crore raised via convertible warrants with no deviations. Funds were deployed for promoter group SPVs and working capital.