Oriental Rail Infrastructure Ltd to Raise Up to ₹215 Crores Through Issuance of Instruments

The Board of Directors of Oriental Rail Infrastructure Ltd has approved the raising of funds of up to ₹215 crores through the issue of one or more instruments, including equity shares, convertible securities, or warrants. The company will also issue 50,56,000 equity shares at a price of ₹169 each, and 75,00,000 warrants convertible into equity shares of ₹1 each at a price of ₹169 each. The issuance is subject to regulatory approvals and shareholder approval.,