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Board approved a preferential issue of 3,212,955 convertible warrants to promoter Deepak Arora at ₹77.81 each, raising up to ₹25 crore for working capital and general corporate purposes. Warrants are exercisable within 18 months, subject to shareholder and regulatory approvals. Context: the raise follows recent operating disruption.
Som Distilleries And Breweries Approves ₹25 Crore Warrant Issue To Deepak Arora
Som Distilleries And Breweries Approves ₹25 Crore Preferential Warrant Issue To Promoter
Som Distilleries Board To Consider Preferential Convertible Warrants And Shares
Som Distilleries Board To Consider Preferential Convertible Warrants Issue
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