Corporate Action16 Sept 2026, 06:12 pm
Venus Pipes & Tubes to raise ₹372 Cr via Preferential Issue
AI Summary
Venus Pipes & Tubes Ltd announced that its Board of Directors has approved a preferential issue of up to 22,27,544 equity shares at Rs. 1670 per share, aggregating Rs. 371.99 Crores. This move 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 issuance. Inga Ventures Private Limited is acting as the advisor for this transaction. The record date for determining voting eligibility is October 1, 2026.
Key Highlights
- Board approves preferential issue of equity shares.
- Total fundraising target is approximately Rs. 372 Crores.
- Issue price set at Rs. 1670 per equity share.
- EGM scheduled for October 8, 2026, for shareholder approval.
- Inga Ventures Private Limited appointed as advisor.
Price Impact
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