Venus Pipes & Tubes Approves ₹372 Cr Preferential Issue

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 has also scheduled an Extraordinary General Meeting (EGM) for October 8, 2026, to seek shareholder consent for this preferential issue. The board has appointed a scrutinizer for the e-voting process. Inga Ventures Private Limited is acting as the advisor for this transaction.