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Azad India Mobility Ltd — Updates, 20-05-2025: Company Update
20-05-2025 | 07:15 pm
20-05-2025 | 07:15 pm
Azad India Mobility Limited has announced a board meeting outcome approving the preferential allotment of 53.18 lakh equity shares at Rs. 98 each to various investors excluding promoters. Major allotments include 25.5 lakh shares to Altitude Investment Fund PCC-Cell 1 and 12.86 lakh shares to North Star Opportunities Fund. This capital infusion through preferential issuance may enhance the company’s equity base and support upcoming strategic initiatives, providing shareholders with potential growth opportunities.
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