Aequs To Raise ₹650 Cr Via Preferential Issue To Bolster Manufacturing Capacity

by · Inc42

SUMMARY

  • Aequs’ board has approved a fund raise of up to ₹650 Cr via a preferential issue of warrants to the promoter group, Mellwood Trustee Services Pvt Ltd.
  • On full conversion of the warrants, the aggregate holding of the promoter and promoter group will increase to 60.73% from 59.09%
  • In a filing with the exchanges, the company said that its board has approved the issuance of 2.8 Cr warrants at an issue price of ₹231.55 per warrant