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.
Timeline
Saturday, 26 September
- Aequs To Raise ₹650 Cr Via Preferential Issue To Bolster Manufacturing Capacity
Aequs approved a preferential issue to raise up to ₹650 crore
- Aequs board approves ₹650 cr equity infusion for capacity expansion
Aequs approved an equity issue of approximately ₹650 crore for capacity expansion
Friday, 25 September
- Aequs promoter group to infuse ₹650 crore through convertible warrants
Aequs board approved a ₹650 crore preferential issue of warrants to the promoter group
