Image Source : ratnaveer.com
Ratnaveer Precision Engineering Ltd has approved the issuance of 72,32,704 warrants at ₹159 each on a preferential basis, potentially raising up to ₹115 crore upon conversion. The move supports capacity expansion and working capital needs in its precision engineering and scaffolding business.
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Ratnaveer Precision Engineering, a key player in scaffolding and engineering solutions, has authorized a fresh tranche of warrants to bolster its funding pipeline. Shareholders holding warrants can convert into equity shares later, providing flexible capital for ongoing capex and order execution amid strong sector demand.
Key Highlights
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Warrant Scale: 72,32,704 warrants approved for allotment at ₹159 per warrant.
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Fund Potential: Full conversion unlocks ₹115 crore for strategic deployment.
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Preferential Route: Issued to select investors, subject to regulatory approvals.
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Business Driver: Funds target capacity augmentation and working capital for order book growth.
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Shareholder Value: Warrants offer conversion flexibility at predetermined pricing.
Source: BSE exchange filing, company corporate announcement.
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