Tusaldah Ltd Approves Rs24 Crore Fund Raise And Ventures Acquisition

Board approved 100% acquisition of Tusaldah Ventures for 5.82 Cr via 29.09 lakh share swap at Rs20, cash issue of 29.47 lakh shares at Rs20 and 63.5 lakh warrants at Rs20. Related-party acquisition at arm's-length valuation, needs shareholder nod, close in 2 months. Target incorporated Jan 2025, nil turnover, trading/retail business. Auth capital upped to 18.5 Cr. Huge dilution vs 23.4 lakh existing shares; 18.6 Cr cash raise use not disclosed. Warrants 25% upfront, balance on conversion in 18 months. Related-party nil-turnover target adds risk.