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Borosil Renewables Limited has approved the allotment of 18,86,793 equity shares to the Promoter Group and 78,80,436 warrants to Non-Promoter category investors on a preferential basis. The equity shares are issued at Rs. 530 each, raising approximately Rs. 100.63 crore. Each warrant allows the holder to convert to one equity share within 18 months at the same issue price. The company's total paid-up equity capital now stands at Rs. 13.25 crore, comprising 13,24,66,748 equity shares. This move aims to bolster the company’s financial position and promote growth.