IIRM Holdings India Ltd Approves ₹352.5 Cr Preferential Issue

IIRM Holdings India Ltd's Board of Directors has approved a significant preferential issue of equity shares and warrants to raise up to ₹352.50 crore. The funds will be raised through the issuance of 15,70,352 equity shares at ₹143.28 per share and 88,98,657 warrants at an exercise price of ₹143.28 per warrant. This move is part of an investment agreement with Carpediem Capital Partners Fund II and other co-investors. The company also appointed Mr. Hithendra Karadathodi Ramachandran as an Additional Director. The transactions are subject to shareholder and regulatory approvals.