Bodhi Tree Multimedia to Raise ₹200 Cr via QIP

Bodhi Tree Multimedia Ltd announced that its Board of Directors has approved a proposal to raise funds up to ₹200 Crores through a Qualified Institutions Placement (QIP). The QIP will involve the issuance of eligible securities, including equity shares, non-convertible debt instruments with warrants, and convertible securities. The company will seek shareholder approval for this fundraising initiative at an upcoming Extra-Ordinary General Meeting (EGM), which will be convened via Video Conferencing. The specific terms of the QIP, including utilization of proceeds, issue size, pricing, and timing, will be finalized and approved by the Board and Audit Committee prior to the launch.