StartupsInc42about 2 hours ago
Aequs Board Approves ₹650 Cr Preferential Warrant Issue
5 min read
Aequs' board approved raising up to ₹650 Cr through 2.8 Cr warrants to promoter Mellwood Trustee Services at ₹231.55 each, with ₹325 Cr payable upfront. Promoter stake will rise to 60.73% from 59.09% on conversion. Shareholders vote at an October 22 EGM. Proceeds fund aerospace and consumer capacity, including the Hosur facility.
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