Investment7 Nov 2025, 02:57 pm
Garuda Construction and Engineering Ltd. to Raise up to INR 500 Crores through QIP
AI Summary
Garuda Construction and Engineering Ltd. announced its decision to raise funds through issuance of equity shares having a face value of INR 5 each, for an aggregate amount not exceeding INR 500 Crores (Rupees Five Hundred Crore only) by way of qualified institutions placement (‘QIP’) in one or more tranches. The Board also approved the increase in the Authorised Share Capital of the Company from INR 50,00,00,000 to INR 80,00,00,000 by creation of additional 6,00,00,000 equity shares of INR 5 each. The decision was made in a Board meeting held on November 7, 2025.
Key Highlights
- Garuda Construction and Engineering Ltd. to raise funds up to INR 500 Crores through QIP
- Funds to be raised through issuance of equity shares having a face value of INR 5 each
- The company to increase its Authorised Share Capital from INR 50,00,00,000 to INR 80,00,00,000
- Decision made in the Board meeting held on November 7, 2025
- Funds to be used for business growth and expansion