Investment2 Jun 2025, 07:32 pm
Man Industries (India) Ltd. to Raise ₹ 3,300 Crores through Preferential Issue
AI Summary
Man Industries (India) Ltd. has approved a proposal to raise up to ₹ 3,300 Crores through a preferential allotment of Convertible Warrants and Equity Shares to Promoter Group Entity and Non-Promoters respectively. The company has received an overwhelming response from renowned investors and will issue a Notice for an Extraordinary General Meeting (EGM) on June 25, 2025, for necessary approvals. The allotment includes 12,19,512 Convertible Warrants to Man Finance Private Limited and 79,26,822 Equity Shares to various Non-Promoters. The funds will support ongoing capex requirements, working capital needs, and long-term growth initiatives.
Key Highlights
- Man Industries (India) Ltd. to raise ₹ 3,300 Crores through preferential allotment of Convertible Warrants and Equity Shares
- The company has received an overwhelming response from renowned investors
- Funds to support ongoing capex requirements, working capital needs, and long-term growth initiatives
- Issuance of 12,19,512 Convertible Warrants to Man Finance Private Limited at a price of ₹ 328/- per warrant
- Issuance of 79,26,822 Equity Shares to Non-Promoters at a price of ₹ 3,328/- per equity share