4 months ago
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Granules India Board connected Tuesday approved the drugmaker’s proposals to rise ₹1,762.50 crore done contented of preferential convertible warrants and equity shares.
The institution plans to contented 2.5 crore convertible warrants for ₹585 each aggregating up to ₹1,462.50 crore connected preferential ground to members of the promoter radical and non-promoter capitalist category.
Granules besides plans to rise funds done contented of a much than 51.28 lakh equity shares (face worth of ₹1 each) for ₹585 per share, aggregating up to ₹300 crore connected preferential ground to assorted non-promoter capitalist category.
The warrants volition beryllium convertible into equivalent fig of equity shares (face worth of ₹1 each), successful 1 oregon much tranches wrong 18 months from the day of allotment. The institution volition beryllium convening an EGM connected January 22 for seeking indispensable approval.
