A company plans to raise funds through a preferential issue. The amount to be raised is approximately Rs 409 crore. This will be achieved by issuing convertible warrants to a promoter-group entity.
The warrants will have a face value and a premium, with each warrant allowing the holder to subscribe to one equity share. The holder may exercise this right within a certain timeframe.
Shareholder approval is required for the proposed allotment, along with other clearances. Further details are available from the source publication, including the number of warrants to be issued and their price.
In a recent development, a school located in Mira Road has received a formal show-cause notice from the education department due to an advisory that stirred controversy by advising students to avoid certain vegetables during the Paryushan period. The education department highligh...
Navi Mumbai, September 11, 2026: The Panvel Municipal Corporation inaugurated its newly constructed mayor’s residence, ‘Shivneri’, in Sector 21, Kharghar, on Thursday. The residence has been constructed on a combined plot area of 2,572.81 square metres. The project comprises plot...
Pune: Pune Police on Friday, after Rohit Pawar’s press conference, addressed the press and ruled out registration of a fresh case in the alleged threat and abuse case involving writer and publisher Prashant Ambi, stating that the matter is already being investigated by Rajarampur...
Mumbai, September 11, 2026: The Maharashtra Anti-Terrorism Squad (ATS) is probing the passport and foreign travel history of a 19-year-old woman from Mumbra after it emerged that she allegedly obtained a new passport without disclosing details of an earlier passport issued from L...
Pune: NCP (SP) MLA Rohit Pawar, on Friday at Kothrud Police Station in Pune, questioned the police and authorities over the alleged delay in acting on a complaint by Aarti Ambi, wife of writer and publisher Prashant Ambi, against Shiv Sena MLA Sanjay Gaikwad. Pawar questioned why...
A 24-year-old man was arrested for impersonating a PMO official at Jio World Plaza. He allegedly used ChatGPT to create fake PMO documents and an identity card. Police seized electronic devices and documents from his residence in Khar. His private security guard, an ex-Army perso...
Prime Minister Narendra Modi and Russian President Vladimir Putin shared a car ride after their bilateral meeting at Bharat Mandapam in New Delhi on Friday, ahead of the Leaders’ Session of the BRICS Business Forum. The two leaders travelled together to the India-Russia INNOPROM ...
Maharashtra's Food and Drug Administration seized unsafe dairy products valued at Rs 5.4 crore. The agency also suspended 404 licenses during a recent three-month enforcement drive. Inspections covered 9,485 establishments dealing with various food items across the state. Action ...
