Hittco Tools Approves ₹23.2 Crore Preferential Issue Triggering Open Offer

Board approved preferential issue of 59.4L shares at Rs14.5 for Rs8.61Cr and 1.01Cr warrants for Rs14.59Cr, total Rs23.2Cr, triggering open offer and change in control to Chapra family. Also approved MOA expansion into hospitality, EV leasing, real estate and broking; Rs21Cr investments for 75% of Sanija Hotels and 50% of Multiplex Capital; Rs3Cr UAE perfume WOS. All items subject to Nov17 EGM and shareholder, exchange and SEBI/regulatory approvals including open offer; fund use for investments; valuations and deal terms not disclosed.