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Board approved, subject to approvals, preferential issuance of fully convertible warrants to 32 investors to raise up to ₹100 crore at ₹38 per warrant for working capital and growth. It also recommended converting up to ₹200 crore of promoter unsecured loans into equity. Context: follows recent promoter pledge and rating stress.
Vishnu Prakash R Punglia Downgraded To C+ On Rs 960 Crore Facilities
Vishnu Prakash R Punglia Receives CARE D Rating On ₹960 Crore Facilities
Vishnu Prakash R Punglia Schedules Board Meeting To Consider Preferential Warrants
Vishnu Prakash R Punglia Releases Pledge On 25.53 Lakh Shares
Vishnu Prakash R Punglia Revokes Pledge On 25.53 Lakh Shares