Riwind Green Energy Approves ₹150 Crore QIP And ₹245 Crore Warrants

Board approved hike in authorised capital from 30 Cr to 196 Cr, QIP of up to 150 Cr, and preferential issue of 11.29 Cr warrants at Rs21.70 aggregating 245 Cr to 7 investors. QIP and warrants subject to shareholder and regulatory approvals. Warrants need 25% upfront, balance on exercise within 18 months. Promoter-group Recoll to take 4.38 Cr warrants. Combined 395 Cr raise implies massive dilution vs ~1.13 Cr existing shares. QIP price, timing, use of proceeds and dilution quantum undisclosed.