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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.
Venus Pipes Completes Rs 372 Crore Preferential Allotment To 18 Investors
Venus Pipes Starts Commercial Production At Pipe Spooling Facility
Venus Pipes Board To Consider Equity Fund Raise On September 16
Venus Pipes & Tubes Commissions Additional 6.1 MW Solar Power Unit