Tusaldah Ltd Acquires 100% of Tusaldah Ventures

Tusaldah Ltd's Board of Directors has approved the acquisition of 100% of the equity share capital of Tusaldah Ventures Private Limited. This strategic move involves increasing the company's authorized share capital from Rs. 8.5 Crores to Rs. 18.5 Crores. The acquisition will be funded through a preferential issue of equity shares and convertible warrants to promoters and public shareholders, involving both cash and share swap considerations. The preferential issue includes up to 29,09,299 equity shares at Rs. 20 each for promoters (share swap), up to 29,47,271 equity shares at Rs. 20 each for non-promoter public (cash), and up to 63,50,000 convertible warrants at Rs. 20 each for both categories (cash). These approvals are subject to shareholder and stock exchange consent.