StartupsInc42about 1 hour ago
Zelio E-Mobility Board Approves ₹168 Cr Preferential Issue
6 min read
Zelio E-Mobility's board approved raising up to ₹167.95 Cr through a preferential issue of equity shares and convertible warrants. The BSE SME-listed EV maker will issue 9.73 Lakh shares to four institutional investors for ₹83 Cr and 9.96 Lakh warrants to three promoters for ₹85 Cr. Shareholders vote at an EGM on October 20.
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