Back
Corporate News
Company secures INR 150 Crores via equity share allotment to Carpediem Capital and Sanshi Fund
31-Jul-2026, 06:25
The company is raising INR 150.00 Crores through a preferential allotment of equity shares and warrants to 14 investors, including Carpediem Capital Partners Fund II and Sanshi Fund - I. The allotment includes up to 15,70,352 equity shares at a price of INR 143.28 per share, and up to 88,98,657 warrants, each convertible into one share within 18 months. Simultaneously, the company appointed Hithendra Karadathodi Ramachandran and Sathya Pramod Nagaraj as Additional Directors, bringing experience in business transformation and finance, respectively. Neither new director is related to existing board members or key personnel. The directors’ terms will continue until the next Annual General Meeting in FY26.
The company is raising INR 150.00 Crores through a preferential allotment of equity shares and warrants to 14 investors, including Carpediem Capital Partners Fund II and Sanshi Fund - I. The allotment includes up to 15,70,352 equity shares at a price of INR 143.28 per share, and up to 88,98,657 warrants, each convertible into one share within 18 months. Simultaneously, the company appointed Hithendra Karadathodi Ramachandran and Sathya Pramod Nagaraj as Additional Directors, bringing experience in business transformation and finance, respectively. Neither new director is related to existing board members or key personnel. The directors’ terms will continue until the next Annual General Meeting in FY26.