Apar Industries Limited
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables.
What Apar files
- Others87
- Investor Meet33
- Important23
- Updates21
- Board Meeting12
- PPTs8
APAR Industries' Share Issue Committee approved allotment of 16,88,618 Equity Shares at ₹14,805 each via Qualified Institutions Placement, raising approximately ₹2,500 Cr. Paid-up capital increased from ₹40.18 Cr to ₹41.87 Cr.
APAR Industries successfully completed its Qualified Institutional Placement, raising approx ₹2500 Cr. The company allocated 1.69 million shares at ₹14,805 each to institutional buyers, significantly strengthening its capital base for future growth.
APAR Industries opened a QIP for equity shares. The floor price is ₹ 14,801.25 per share, with a potential discount of up to 5%. This capital raise will likely impact shareholder structure and support business growth.
APAR Industries' Board will convene an EGM for shareholder approval to raise funds via QIP, rights issue, or preferential allotment. This change from a postal ballot aims to expedite capital raising.
APAR Industries announced a filing related to its wholly-owned subsidiary, Apar Industries Middle East Limited, KSA. The specific details of this development were not provided.