Corporate Action22 Sept 2026, 05:50 pm
Manba Finance to raise ₹100 Cr via preferential issue; capital hike
AI Summary
Manba Finance's Board approved increasing its authorized share capital from ₹55 crore to ₹65 crore, subject to EGM approval. Additionally, the company plans a preferential issue to raise up to ₹99.99 crore. This includes issuing up to 5,000,013 equity shares at ₹135 each to non-promoters, totaling ₹67.50 crore. It also involves issuing up to 2,407,223 fully convertible warrants at ₹135 each to promoters, totaling ₹32.49 crore. Each warrant is convertible into one equity share within 18 months. The entire preferential issue is subject to member and regulatory approvals.
Key Highlights
- Authorized share capital increased from ₹55 crore to ₹65 crore.
- Company to raise up to ₹99.99 crore via preferential issue.
- Equity shares worth ₹67.50 crore to be issued to non-promoters.
- Warrants worth ₹32.49 crore to be issued to promoter group.
- Warrants are convertible into equity shares within 18 months.
Price Impact
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