Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Kesoram Industries to raise Rs.100-Cr through pref issue to promoter entity
BK Birla Group company Kesoram Industries plans to raise close to INR 100 crore through a preferential allotment of shares and warrants to a trading company associated with the promoter group - Usinara Trading and Services Pvt Ltd. The company's board has approved the allotment of up to 31.74 lakh equity shares at INR 105 apiece aggregating to INR 33.33 crore. The board has further approved the issue and allotment of 63.49 lakh convertible warrants at INR 105 apiece aggregating to up to INR 67 crore.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.