Transchem Fund Raise
Transchem Limited allotted 1,20,00,000 warrants to Pishu V. Chainani via a preferential issue. These warrants are convertible into equity shares within 18 months.
- Execution
- 18 months
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Transchem Limited allotted 1,20,00,000 warrants to Pishu V. Chainani via a preferential issue. These warrants are convertible into equity shares within 18 months.
Transchem Limited allotted 6.15 crore warrants on a preferential basis, raising ₹461.25 Crore. Warrants are convertible into equity within 18 months, strengthening the company's capital base.
Transchem Limited received BSE in-principle approval for a Rs. 61.50 Crore preferential warrant issue. The company will now proceed with consummating the capital raise.
Transchem Limited clarified its ₹115 Crore preferential warrant issue objects for general corporate purposes. Funds will also support strategic acquisitions in the financial services sector.