Wheels India Allots 1.23M Shares via Preferential Issue for ₹180 Cr
Wheels India Ltd's Board of Directors, at their meeting on September 21, 2026, approved the allotment of 1,232,031 fully paid-up equity shares. These shares, with a face value of ₹10 each, were issued at a price of ₹1,461 per share, including a premium of ₹1,451. The preferential issue on a private placement basis aggregated to ₹1,799,997,291 (approximately ₹180 crore). The shares were allotted to four entities: TSF Investments Limited, Mr. Srivats Ram, Ms. Nivedita Ram, and Ms. Gita Ram. Following this allotment, the company's issued, subscribed, and paid-up equity share capital increased from ₹24.43 crore to ₹25.67 crore. The company had received in-principle approval from NSE and shareholders' approval for this issue.
Key Highlights
- Board approved allotment of 1.23 million equity shares.
- Shares issued at ₹1,461 each via preferential issue.
- Company raised approximately ₹180 crore from the issue.
- Paid-up equity share capital increased to ₹25.67 crore.
- Allotment made to four allottees, including TSF Investments.
Price Impact
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