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Funding and debt● Neutral for Aequs
Aequs rallies 5%, trades higher for fourth straight day; here's why
The brief
- Aequs shares rose 5%, extending gains for a fourth straight day
- The board approved up to 28.07 million warrants for the Promoter Group
- The warrant issue may dilute Aequs shareholders; the stock has rallied for four days
- Aequs plans ₹650 crore warrant issue and $450 million capex
- Aequs To Raise ₹650 Cr Via Preferential Issue To Bolster Manufacturing Capacity
- Aequs board approves ₹650 cr equity infusion for capacity expansion
- Aequs promoter group to infuse ₹650 crore through convertible warrants