Vishnu Prakash R Punglia to Raise Up to ₹300 Cr

The Board of Directors of Vishnu Prakash R Punglia Ltd has approved raising funds up to ₹300 crores in one or more tranches. The fund raise will be executed through the issuance of equity shares and/or equity-linked instruments, via preferential allotment, rights issue, warrants, bonds, or any other permissible mode or combination of methods. The decision is subject to applicable approvals, including shareholders’ and regulatory/statutory approvals. Further disclosures will be made upon finalization of the details.