Pelatro Limited — Board Meeting, 22-07-2025: Outcome of Board Meeting
22-07-2025 | 07:07 pm
22-07-2025 | 07:07 pm
Pelatro's Board has approved the allotment of 1,90,736 equity shares on a preferential basis to Atlanta Capital Private Limited (ACPL). Priced at Rs. 367 per share, this fundraising initiative is set to bring in approximately Rs. 7 crore for the company upon subscription. This strategic capital infusion aims to strengthen Pelatro's financial position, supporting its growth plans. Post-allotment, ACPL will hold 1.80% of the company's equity, a detail important for understanding the shareholder structure. This move follows shareholder approval for the preferential issue.
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