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Funding and debt● Neutral for Aequs
Aequs To Raise ₹650 Cr Via Preferential Issue To Bolster Manufacturing Capacity
The brief
- Aequs approved a preferential issue to raise up to ₹650 crore
- The fundraise may support Aequs’ manufacturing capacity; its investors are directly exposed
- 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 To Raise ₹650 Cr Via Preferential Issue To Bolster Manufacturing Capacity