Corporate Action16 Sept 2026, 06:21 pm
Venus Pipes Approves Preferential Issue of ₹372 Cr Equity
AI Summary
Venus Pipes & Tubes Ltd's Board of Directors has approved a preferential issue of up to 22,27,544 equity shares at ₹1670 per share, aggregating ₹371.99 crore. This issuance is subject to shareholder and regulatory approvals. The company will hold an Extraordinary General Meeting (EGM) on October 8, 2026, to seek shareholder consent for this fundraise. Inga Ventures Private Limited is acting as the advisor for this transaction. The board also appointed a scrutinizer for the e-voting process.
Key Highlights
- Board approves preferential issue of equity shares worth ₹372 crore.
- Issue price set at ₹1670 per share, totaling 22,27,544 shares.
- Shareholder approval to be sought via EGM on October 8, 2026.
- Inga Ventures Private Limited appointed as advisor for the issue.
Price Impact
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