Ester Industries Limited — QIP/Rights/Pref., 13-11-2024: Allotment of Securities

Ester Industries has announced the allotment of 1,10,75,941 Fully Convertible Warrants at an issue price of ₹158 per Warrant, raising approximately ₹175 crore on a preferential basis. The allotment includes key beneficiaries such as Mr. Arvind Singhania and MOVI Limited, among others. This issuance is aimed at enhancing the company's liquidity and financial flexibility, facilitating future growth initiatives.