Active Clothing Co. Ltd has announced board approval for raising ₹3.23 billion through the issuance of warrants. This strategic move aims to strengthen the company’s financial position, support expansion, and enhance long-term growth prospects. The decision reflects confidence in future opportunities across apparel manufacturing and allied business segments.
Active Clothing Co. Ltd, a prominent player in the apparel manufacturing sector, has received board approval to raise ₹3.23 billion by issuing warrants. The capital infusion is expected to provide the company with greater financial flexibility, enabling it to pursue expansion plans, strengthen operations, and explore new growth avenues.
The warrant-based fundraising mechanism allows investors to subscribe to equity at a later stage, offering both immediate capital support and long-term shareholder value creation. This move underscores the company’s proactive approach to securing resources for sustainable growth in a competitive industry.
Key Highlights
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Board approves ₹3.23 billion fund raise via warrants.
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Funds to be utilized for expansion and operational strengthening.
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Warrant issuance provides flexibility for future equity conversion.
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Reflects confidence in long-term apparel sector opportunities.
Sources: Business Standard, Economic Times