Miko Gets Shareholders’ Nod To Raise INR 28 Cr Via Preferential Issue

by · Inc42

SUMMARY

  • Miko plans to use the fresh capital to fund business requirements and for general corporate purposes, the filing showed
  • IvyCap Ventures will enhance its equity stake to 9.43% after the allotment of preference shares
  • The company said it would raise the sum by allotting up to 924 Series C compulsorily convertible preference shares (CCPS) at an issue price of INR 3.02 Lakh each to IvyCap Ventures.