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.
Denne historien er fra 12 February, 2024-utgaven av Dalal Street Investment Journal.
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Denne historien er fra 12 February, 2024-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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