Renaissance Global Limited — QIP/Rights/Pref., 20-12-2024: Allotment of Securities

Renaissance Global Limited has approved the allotment of 1,08,99,539 equity shares at an issue price of ₹150 per share, totaling ₹163.49 crore. This preferential issue predominantly targets public investors, aiming to raise capital for business growth, specifically for acquisitions, capital expenditures, and support for subsidiaries. The proceeds will also cover professional fees and general corporate purposes. Additionally, Mr. Darshil Shah will succeed Mr. Hitesh Shah as Managing Director effective January 1, 2025, who will transition to Non-Executive Director. A postal ballot will seek shareholder approval for related matters.