Board Meeting20 May 2026, 08:31 pm
L. T. Elevator Board Approves ₹50 Cr Fundraising
AI Summary
The Board of Directors of L.T. Elevator Limited has approved a resolution to raise funds not exceeding ₹50,00,00,000 (Rupees Fifty Crores only), inclusive of premium, in one or more tranches. This decision is subject to shareholder approval at a General Meeting / Postal Ballot and other applicable statutory/regulatory approvals. The funds will be raised through the issuance of securities, with the type of securities and issuance method to be determined at a later stage. The board has authorized the management to explore and finalize the appropriate mode(s), identify investors, and determine pricing as per SEBI ICDR Regulations.
Key Highlights
- L.T. Elevator Ltd. board approves raising up to ₹50 Cr via securities issuance.
- Fundraising is subject to shareholder and regulatory approvals.
- Multiple security types and issuance methods are under consideration.
- Management authorized to finalize fundraising details and identify investors.
Price Impact
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