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Vakrangee Limited has announced a board meeting on January 15, 2025, to approve the issuance of up to 35 crore Fully Convertible Warrants, convertible into equity shares at ₹28 each, raising a total of up to ₹980 crore. This preferential issue will target non-promoter entities and is part of the company's strategy to fund business expansion, strategic investments, and enhance its market presence. The shares are set to be allotted within 15 days of shareholder approval. The move is likely to strengthen financial health and could be perceived positively by investors seeking growth opportunities.