Leo Dryfruits Approves ₹38.5 Crore Preferential Warrant Issue

Board approved raising up to 38.5 Cr through preferential issue of 70 lakh fully convertible warrants at ₹55 each, convertible into one equity share within 18 months. Promoters will subscribe to 24 lakh warrants and public investors to 46 lakh. Funds are intended for working capital, capex, expansion, investments and debt repayment, subject to shareholder approval at an upcoming EGM.