Investment6 Mar 2026, 07:43 pm
Motisons Jewellers Ltd. Approves Rs. 350 Crore Fund Raising and Capital Increase
AI Summary
Motisons Jewellers Ltd. held a Board Meeting on March 06, 2026, and approved several key decisions. The company plans to raise funds up to Rs. 350 Crore through various methods including public issue, preferential allotment, rights issue, or private placement. The company also intends to increase its authorized share capital from Rs. 125,00,00,000 to Rs. 132,00,00,000. Additionally, the board appointed 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. to raise funds up to Rs. 350 Crore
- Company to increase authorized share capital to Rs. 132,00,00,000
- Appointment of M/s. Aryaman Financial Services Limited as Book Running Lead Manager
- Appointment of Mr. Akshit Kumar Jangid as scrutinizer for Postal Ballot and e-voting process