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Corporate Action27 Oct 2026, 03:04 pm

Venus Pipes Allots ₹372 Cr Equity Shares on Preferential Basis

AI Summary

Venus Pipes & Tubes Ltd announced the allotment of 22,27,544 equity shares at ₹1670 per share on a preferential basis. The total amount raised aggregates to ₹371.99 crore (₹371,99,98,480). The shares were allotted to various non-promoter/public investors, including Ashoka Whiteoak ICAV funds, India Acorn Fund Ltd, Kitara Piin 2401, Whiteoak Capital funds, Aarya Rakesh Doshi, Bengal Finance and Investment Pvt Ltd, Ashish Kacholia, Carnelian Bharat Amritkaal Fund, and Tata funds, among others. This preferential allotment is a significant corporate action aimed at raising capital from strategic investors.

Key Highlights

  • Allotted 22.27 lakh equity shares at ₹1670 each.
  • Raised ₹371.99 crore via preferential issue.
  • Shares allotted to non-promoter/public investors.
  • Significant capital infusion for the company.
  • Board approved allotment on October 27, 2026.
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VENUSPIPES
Iron & Steel Products
Venus Pipes & Tubes Ltd

Price Impact

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