Corporate Action18 Sept 2026, 12:27 pm
Rossell Techsys Approves ₹300 Cr Preferential Issue to SBI Funds
AI Summary
Rossell Techsys Limited's Board of Directors has approved a preferential issue of up to 25,72,898 equity shares to SBI Mutual Fund and SBI Optimal Equity Fund for a total consideration of approximately ₹300 crore. The issue price is fixed at ₹1,166 per share. This move is subject to shareholder approval, for which an Extraordinary General Meeting (EGM) will be convened on October 15, 2026. The funds raised will be used for the company's growth initiatives. The issuance is in compliance with SEBI ICDR Regulations and other applicable laws.
Key Highlights
- Board approves preferential issue of 25,72,898 equity shares.
- Total fundraising target of ₹300 crore from SBI Mutual Fund & SBI Optimal Equity Fund.
- Issue price set at ₹1,166 per equity share.
- Shareholder approval to be sought at EGM on October 15, 2026.
- Transaction is a private placement under SEBI ICDR Regulations.
Price Impact
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