- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
W.S. Industries has announced a board meeting to consider increasing its authorised share capital from Rs. 100 Cr to Rs. 125 Cr to facilitate issuance of shares and convertible warrants. The company plans to raise Rs. 165 Cr via preferential allotment of 1.65 crore equity shares at Rs. 100 each to identified non-promoter investors for land acquisition, working capital, redemption of preference shares, and debt repayment. Additionally, 2.75 crore convertible warrants are proposed at the same price to both promoter and non-promoter investors raising Rs. 275 Cr, mainly for further land development and corporate purposes. No change in control or board composition is expected. Funds will be monitored by an external agency, and all shares/warrants will be subject to lock-in as per regulations.