Salasar Techno Engineering Board Approves Fund Raising of ₹8,064 Million
Dalal Street Investment Journal|12 February, 2024
Additionally, in a recent development, the company was awarded a contract valued at 3,640 million. The contract focuses on execution of loss reduction work in the turnkey mode 
Salasar Techno Engineering Board Approves Fund Raising of ₹8,064 Million

Salasar Techno Engineering Ltd. (STEL), engaged in the manufacturing of large and heavy steel structures and a provider of customised steel structures and EPC solutions to a diverse range of industries including telecom, power, railways and others, has announced that in its board meeting held on January 25, 2024, approval has been granted for raising funds to the tune of ₹ 8,064 million by the way of issue of shares and convertible warrants on a preferential basis to various promoter and non-promoter entities, subject to approval of shareholders and other regulatory authorities, as may be applicable.

The shares and | or warrants will be issued to North Star Opportunities Fund, NAV Capital VCC – NAV Capital Emerging Star Fund, Coeus Global Opportunities Fund, Elara India Opportunities Fund, etc. within the non-promoter group category. Within the promoters, the warrants will be issued to Shashank Agarwal, Shalabh Agarwal, Raghav Agarwal and Bharat Agarwal.

この記事は Dalal Street Investment Journal の 12 February, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Dalal Street Investment Journal の 12 February, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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