Venus Pipes Approves ₹372 Crore Preferential Issue At ₹1670 Per Share

Board approved preferential issue of 22,27,544 shares at Rs1670 to raise up to Rs372Cr from 18 non-promoter investors, subject to approvals. EGM on 08 Oct 2026. Sets size, price and investor slate for pending fundraise proposal. Largely institutional slate led by WhiteOak/Ashoka groups, Carnelian, Tata funds, Kotak Life and Ashish Kacholia. Promoter holding to fall to 43.7% from 48.4%. Use of proceeds not disclosed; needs shareholder and regulatory approvals with e-voting cut-off 01 Oct 2026.