Board Meeting23 Sept 2026, 06:42 pm
Zelio E Mobility Approves ₹167.95 Cr Preferential Issue
AI Summary
Zelio E Mobility Ltd's Board of Directors has approved a preferential issue of equity shares and convertible warrants. The company plans to issue up to 9,73,000 equity shares at ₹853 each, aggregating up to ₹82.99 crore. Additionally, up to 9,96,000 warrants convertible into equity shares will be issued at ₹853 per warrant, aggregating up to ₹84.95 crore. The total fundraise amounts to ₹167.95 crore. The equity shares are proposed to be issued to non-promoter category allottees, while warrants are for the promoter category. The issue price is determined based on SEBI ICDR Regulations. A monitoring agency will be appointed as the total issue size exceeds ₹100 crore.
Key Highlights
- Board approves preferential issue of equity shares and warrants.
- Total fundraise of ₹167.95 crore planned via private placement.
- Equity shares to be issued to non-promoters, warrants to promoters.
- Issue price fixed at ₹853 per share/warrant.
- Monitoring agency to be appointed for the fundraise.
Price Impact
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