- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Expo Gas Containers Limited has announced a board meeting to approve a fund raise of up to Rs. 22.02 Cr via issuance of 31,45,715 fully convertible warrants at Rs. 70 each (including premium). Each warrant is convertible into one equity share of Rs. 4 face value within 18 months of allotment. Applicants must pay 25% upfront with the balance due on conversion. The issuance targets both promoter and non-promoter investors through preferential allotment, pending shareholder approval at an upcoming extraordinary general meeting. This capital infusion aims to support the company’s growth and operational funding needs.