AGM/EGM16 Sept 2026, 10:20 pm
Venus Pipes to hold EGM for ₹371.99 Cr Preferential Issue
AI Summary
Venus Pipes & Tubes Ltd has announced an Extraordinary General Meeting (EGM) scheduled for October 8, 2026, to approve a preferential issue of up to 22,27,544 equity shares. The issue price is set at ₹1,670 per share, aggregating to ₹371.99 crore. The funds will be raised for cash consideration and will be allotted to non-promoter/public investors including ASHOKA WHITEOAK ICAV funds, INDIA ACORN FUND LTD, and KITARA PIIN 2401. The EGM will be conducted via video conference.
Key Highlights
- EGM scheduled for October 8, 2026, to approve preferential share issuance.
- Company plans to issue 22,27,544 equity shares at ₹1,670 each.
- Total funds to be raised amount to ₹371.99 crore.
- Shares to be allotted to non-promoter/public investors.
- Meeting to be held via Video Conference/Other Audio-Visual Means.
Price Impact
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