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Funding and debt● Neutral for Aequs
Aequs board approves ₹650 cr equity infusion for capacity expansion
The brief
- Aequs approved an equity issue of approximately ₹650 crore for capacity expansion
- ₹325 crore is payable upfront upon warrant allotment, or 50% of the issue size
- The capacity expansion may benefit Aequs as it scales manufacturing operations
- Aequs to raise Rs 650 crore from promoters to fund aerospace, consumer expansion
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Aequs promoter-group warrant issue
Aequs’s board approved a ₹650 crore preferential issue of convertible warrants to its promoter group; its shares closed at ₹246 on the BSE, up 1.3%. The issue is intended to support capacity expansion.
Saturday, 26 September
- Aequs board approves ₹650 cr equity infusion for capacity expansion