Investment6 Mar 2026, 07:43 pm
Motisons Jewellers Ltd. Approves Fund Raising of up to Rs. 350 Crore and Capital Increase
AI Summary
In a recent Board Meeting, Motisons Jewellers Ltd. approved the raising of funds up to an aggregate sum of Rs. 350 Crore through various methods, including public issue, preferential allotment, rights issue, or private placement. The company also plans to increase its authorized share capital. These decisions are subject to shareholder approval and regulatory clearances. The meeting also saw the appointment of M/s. Aryaman Financial Services Limited as the Book Running Lead Manager for the Qualified Institutions Placement Issue and Mr. Akshit Kumar Jangid as the scrutinizer for the Postal Ballot and e-voting process.
Key Highlights
- Motisons Jewellers Ltd. approved a fundraising of up to Rs. 350 Crore
- The fundraising will be through various methods including public issue, preferential allotment, rights issue, or private placement
- The company also plans to increase its authorized share capital
- M/s. Aryaman Financial Services Limited appointed as the Book Running Lead Manager for the Qualified Institutions Placement Issue
- Mr. Akshit Kumar Jangid appointed as the scrutinizer for the Postal Ballot and e-voting process