CDG Petchem Ltd has declared some important news post its Board Meeting on April 8, 2025. The organization will acquire majority ownership in Jujhar Logistic and Travels along with a strategic fund-raising plan via preferential issuance of equity shares and convertible warrants. These plans intend to make it stronger at its operational strengths as well as at its finances.
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Acquisition Announcement: CDG Petchem Ltd is acquiring a 51% equity stake in Jujhar Logistic and Travels, which is a significant strategic investment for logistics and travel business.
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Equity Shares Issuance: The company intends to issue 61,58,000 equity shares on a preferential basis pending shareholder and regulatory approvals.
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Convertible Warrants Issuance: CDG Petchem Ltd is issuing 764,500 convertible warrants on a preferential basis to mobilize funds.
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Increase in Authorized Share Capital: The Board authorized an increase in the authorized share capital of the company, with the necessary amendments to the Memorandum of Association.
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Share Price Movement: Subsequent to these announcements, the share price of the company increased by 4.98%, indicating positive market sentiment.
Sources: BlinkX, Business Standard, Economic Times