Other Deals - Listed Firms
Polymer processing firm Xpro to raise funds from Malabar Fund
Kolkata-based, publicly-listed polymer processing firm Xpro India Ltd has entered into a securities subscription agreement with Malabar India Fund Ltd, a category-I foreign portfolio investor, for subscription of securities (warrants) of the company. Malabar India can subscribe up to 16.40 lakh warrants at INR 762 apiece. Each warrant, upon being fully paid-up within 18 months from date of allotment, shall be converted into one equity share of INR 10 face value. Upon full conversion, Malabar Fund will have the right to nominate a non-executive, non-independent director in the company.
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