Agastya Energy and Infra to raise Rs.566-Cr via pref issue

Noida-based Agastya Energy and Infrastructure is to raise INR 566-Cr through a preferential issue of equity shares and convertible warrants.Formerly known as Sanginita Chemicals, the company is a part of the Anubhav Agarwal Group. The firm focuses on clean and sustainable energy projects, aligning with the group's push into solar manufacturing, green hydrogen, and green fuels. It intends to use the proceeds from the proposed capital raise to strengthen its financial position and support growth.