Cargosol Logistics approved raising up to ₹95.00 Crore through Foreign Currency Convertible Bonds. The issuance will occur via preferential issue or qualified institutional placement to strengthen capital.
Sumedha Fiscal Services issued a corrigendum to its EGM notice regarding a Rs.2.67 Crore preferential issue. The update clarifies fund utilization objects and pricing for shareholders.
Eleganz Interiors Limited allotted 8,00,000 convertible warrants to promoter Sameer Akshay Pakvasa at ₹83 each. The ₹6.64 Crore preferential issue strengthens the company's capital base.
Krishca Strapping Solutions Fund Raise of ₹43.72 Cr
Krishca Strapping Solutions allotted warrants and equity shares worth ₹43.72 Crore on a preferential basis. The issuance strengthens capital for growth while increasing paid-up equity.
Arcee Industries received BSE in-principle approval for a ₹22.25 Crore preferential equity issuance. The move targets non-promoter allottees through the conversion of existing warrants.
KRN Heat Exchanger and Refrigeration Fund Raise of ₹350 Cr
KRN Heat Exchanger and Refrigeration Limited allotted equity shares worth ₹350.00 Crore via a Qualified Institutional Placement. The issuance strengthens the company's capital base.
Jupiter Infomedia approved a ₹49.99 Crore preferential issue of convertible warrants at ₹61 each. The funds will support working capital and expansion into renewable energy segments.
KRN Heat Exchanger and Refrigeration Fund Raise of ₹350 Cr
KRN Heat Exchanger successfully raised ₹350.00 Crore through a Qualified Institutions Placement. The company allocated 33,01,886 shares at ₹1,060.00 each to eligible institutional buyers.
ACME Solar Holdings authorized a Qualified Institutions Placement (QIP) with a floor price of ₹294.13 per share. This capital raise aims to strengthen the company's balance sheet.
Axis Max Life Insurance allotted equity shares worth ₹380.60 Crore to Axis Bank on a preferential basis. The parent company's stake in the subsidiary subsequently reduced to ~80.01%.
Stellant Securities (India) Fund Raise of ₹10.2 Cr
Stellant Securities (India) Limited allotted 3,00,000 fully convertible warrants to its promoters at ₹340 each, totaling ₹10.20 Crore. The preferential allotment strengthens the company's capital base.
Ambica Agarbathies & Aroma Industries Fund Raise of ₹2.12 Cr
Ambica Agarbathies corrected its preferential issue price to ₹25 per share for 8,48,600 equity shares. The total issue size to the promoter group is ₹2.12 Crore.
Eco Hotels and Resorts Limited dispatched the third and final call money notice for its rights issue. The ₹4.89 Crore call is open from June 15 to June 29.
Panth Infinity Limited has cancelled its proposed preferential issue of 5.5 crore equity warrants. The withdrawal follows the decision by majority allottees to rescind their investment commitments.
Ola Electric Mobility Limited launched a Qualified Institutions Placement (QIP) with a floor price of ₹37.74 per share. The move aims to raise capital from institutional investors.
Akme Fintrade (India) Limited allotted convertible warrants to eight investors on a preferential basis. The warrants are exercisable into equity shares within 18 months.
MBL Infrastructure Ltd promoters acquired 14,50,000 equity shares through a preferential allotment under an IBC resolution plan. This increases the total promoter group holding to 74.57%.
Akme Fintrade (India) Limited allotted 4.75 Crore convertible warrants at ₹7 each on a preferential basis. The company received ₹8.31 Crore upfront, representing 25% of total subscription.
Audroc Limited approved a ₹80 Crore preferential allotment of 20,00,00,000 convertible warrants. These warrants are exercisable into equity shares within an 18-month conversion period.
Zeal Global Services Limited submitted a fund utilization certificate for its subsidiary. The certificate confirms the deployment of AED 2.34 million towards software and working capital.
Axis Max Life Insurance allotted 2,50,56,200 shares to Axis Bank for ₹380.60 Crore. This preferential allotment increases Axis Bank's stake to approximately 17.23%.
Sadhana Nitro Chem clarified the pricing for its ₹13.91 Crore preferential allotment of 6.75 Crore shares. The issue price is fixed at ₹2.06 per equity share.
AVG Logistics confirmed that Sixth Sense India Opportunities IV applied for 18,66,471 shares in its Rights Issue. The transaction is valued at ₹27.06 Crore.
Premium Plast Limited reported zero deviation in utilizing Rs. 26.19 Crore raised through its IPO. Funds were deployed for capacity expansion and debt repayment per prospectus objects.
Saroja Pharma Industries India Fund Raise of ₹9.11 Cr
Saroja Pharma confirms zero deviation in utilizing ₹9.11 Crore raised via IPO. The funds were fully deployed for manufacturing setup, debt repayment, and issue expenses.
M.V.K. Agro Food Product Limited reported zero deviation in the utilization of ₹99.60 Crore raised via IPO and preferential allotment. Proceeds are being deployed for capacity expansion.
Krishca Strapping Solutions Fund Raise of ₹11.49 Cr
Krishca Strapping Solutions reported zero deviation in the utilization of ₹11.49 Crore raised via preferential warrants. Funds were fully deployed toward manufacturing expansion and working capital.
M.V.K. Agro Food Product Limited approved a Rights Issue of up to ₹50 Crore. The board-authorized fundraise aims to strengthen capital through new equity share issuance.
Vaswani Industries approved a ₹9.87 Crore preferential equity issue to promoter group members. The issuance of 16,45,000 shares at ₹60 each aims to strengthen capital.
Veekayem Fashion and Apparels Fund Raise of ₹20.41 Cr
Veekayem Fashion and Apparels confirmed zero deviation in utilizing ₹20.41 Crore raised through a preferential issue. The funds were fully deployed for working capital and corporate purposes.