Other Deals - Listed Firms
Aimtron Electronics raises Rs.100-Cr through convertible warrants
Vadodara-based Aimtron Electronics Ltd, an Electronics System Design and Manufacturing (ESDM) company, has announced a fundraise of around INR 98.50 crore through the issuance of convertible warrants on a preferential basis. The round includes participation from the promoter group including Mukesh Vasani and Nirmal Vasani along with a host of investors.Aimtron Electronics has approved the issuance of 14,79,000 warrants, at INR 666 per warrant. Each warrant can be converted into one fully paid-up equity share of face value of INR 10 at a premium of INR 656 aggregating up to INR 98,50,14,000.Aimtron will use the funds to set up a greenfield manufacturing facility, to scale its box-build projects and system-level, end-to-end integration business under one roof.Aimtron specializes in Electronic System Design and Manufacturing (ESDM), offering services like PCB design, assembly, and complete electronic system manufacturing for industries including medical, automotive and consumer electronics.
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