Investment29 Jan 2025, 03:04 am
HAZOOR MULTI PROJECTS LTD. to Expand into Green Energy and Raise Rs. 383.78 Crores
AI Summary
HAZOOR MULTI PROJECTS LTD. announced the outcomes of its Board Meeting held on January 28, 2025. The Board approved the alteration of the Object Clause of the Memorandum of Association to expand into the Green Energy sector. The company also plans to raise funds through a preferential issue of warrants worth Rs. 383.78 Crores. The fundraising is intended to fuel the expansion of the new business segment, drive growth, and enhance the company’s financial resources.
Key Highlights
- Expansion into Green Energy sector
- Alteration in Object Clause of Memorandum of Association
- Fundraising of Rs. 383.78 Crores through preferential issue of warrants
- Strategic investors from the Non-Promoter, Public Category