D.P. Abhushan Approves ₹558 Crore Preferential Equity And Warrant Issue

Board approved preferential issue of 8.66 lakh shares for Rs123.9cr and 30.36 lakh warrants for Rs434.1cr at Rs1430, to 104 investors including promoters, diluting promoter stake to 66.46% on full conversion, pending EGM approval. Context: resolves pending fundraise at larger size and premium to prior pref.