Ola Electric Board Approves ₹1,500 Crore Fund Raise and Capital Base Expansion
Ola Electric Mobility Ltd has approved an enabling resolution to raise up to ₹1,500 crore through the issuance of equity shares or convertible securities. The board also approved an increase in authorized share capital and confirmed several key leadership changes and the upcoming annual general meeting schedule.
SRM Contractors to Raise ₹250 Crore via QIP and Preferential Issue to Promoters
SRM Contractors has approved a comprehensive fund-raising strategy totaling ₹250 crore to strengthen its capital base and support business expansion. The plan includes a Qualified Institutions Placement of up to ₹150 crore and a preferential issuance of convertible warrants worth approximately ₹100 crore to the company's promoters.
Som Distilleries Board Approves ₹25.00 Crore Fund Raise via Convertible Warrants
Som Distilleries and Breweries Limited has approved a capital infusion of ₹25.00 crore through the issuance of convertible equity warrants to its promoter group. The board sanctioned the preferential allotment of over 32 lakh warrants to strengthen the company's financial position ahead of its 33rd Annual General Meeting.
Kataria Industries to Raise ₹63.60 Crore via Preferential Issue; Declares ₹0.50 Dividend
Kataria Industries has approved a preferential allotment of 60 lakh equity shares to raise ₹63.60 crore from six non-promoter investors. The board also recommended a ₹0.50 per share dividend and authorized a capital hike to ₹30 crore to support expansion.
Prime Focus Board Approves ₹3,000 Crore Fund Raise and Capital Expansion
The Board of Prime Focus Ltd has approved a significant capital mobilization plan of up to ₹3,000 Crore through multiple financial instruments. This strategic move is accompanied by an increase in the company's authorized share capital to ₹100 Crore to support future growth and operational flexibility.
Canara Bank Board Approves ₹18,800 Crore Foreign Currency Fund Raise via Bond Issuance
The Board of Directors at Canara Bank has approved a significant fund-raising plan to secure up to USD 2,000 million through offshore debt markets. This initiative involves the issuance of senior unsecured foreign currency bonds to strengthen the bank's international capital base and support its global operations.
Organic Recycling Systems to Raise ₹16.10 Crore via Preferential Issue to Promoter
Organic Recycling Systems Limited has approved the issuance of 10,00,000 equity shares to its promoter, Mr. Sarang Bhand, to raise ₹16.10 crore. This preferential issue, priced at ₹161 per share, aims to strengthen the company's capital base and increase promoter skin in the game.
Natural Capsules Ltd Approves ₹10.01 Cr Fund Raise via Preferential Issue to Promoters
Natural Capsules Limited has approved a revised preferential issue of 1.12 lakh equity shares and 4.5 lakh convertible warrants to its promoter group. The transaction, valued at ₹10.01 Crore, aims to strengthen the company's capital base through immediate equity infusion and future warrant conversions.
Piramal Finance Raises ₹3,850 Crore via QIP and Promoter Warrants to Fuel Retail Growth
Piramal Finance Limited has secured a total capital infusion of ₹3,850 crore through a combination of a Qualified Institutions Placement and a proposed preferential allotment to promoters. The capital raise is designed to strengthen the company's balance sheet and provide the necessary equity buffer to support its next phase of retail-led growth across India.