Kaya Ltd Set to Raise ₹750 Million with Fresh Share Issue

Image Source: MoneyControl

Kaya Ltd has announced plans to raise ₹750 million through a preferential issue of shares, marking a significant move to strengthen its balance sheet and support future growth initiatives.

Key Highlights:

Board Approval: The Board of Directors approved the preferential allotment at its meeting on May 28, 2025. This move is aimed at raising ₹750 million by issuing new equity shares to select investors on a preferential basis.
Share Details: The issue will involve the allotment of 21 lakh shares at a price of ₹100 per share, as disclosed in recent regulatory filings. This price is set in line with applicable SEBI regulations for preferential issues.
Purpose of Fundraising: The funds are expected to be used for business expansion, working capital needs, and possibly to strengthen the company’s presence in the personal care and wellness sector, following recent strategic partnerships and product launches.
Shareholder Approval: The preferential issue is subject to approval by shareholders, which will be sought through a postal ballot process. Details regarding the timeline and process will be communicated in due course.
Recent Developments: Kaya has recently completed the sale of its Middle East business and is focusing on the Indian market, with new initiatives in personal care and digital expansion.
Market Reaction: The announcement comes amid renewed investor interest, with notable investors such as Prashant Jain acquiring a stake in the company in recent quarters.