Tanfac Industries Plans Fundraise Of Rs 500 Crore And Share Split Proposal

Tanfac Industries Ltd has announced that its board will soon meet to evaluate a proposal to raise funds aggregating up to Rs 5 billion. The capital raise may be executed through permissible routes such as equity shares, convertible instruments, or other securities, in one or more tranches, depending on market conditions and business requirements. The move is geared towards strengthening the company’s balance sheet, funding expansion, and supporting future growth initiatives.

Alongside the fundraise, the board will also consider a sub-division (split) of the company’s equity shares. A stock split, if approved, will reduce the face value of each share while proportionately increasing the number of shares held, without changing overall shareholder value. Such a step is typically aimed at enhancing stock liquidity and improving accessibility for retail investors.

Key Highlights

• Proposal to consider fund raising up to Rs 5 billion
• Possible use of equity, convertible instruments, or other securities
• Objective to support capex, growth, and general corporate purposes
• Plan to evaluate sub-division of equity shares
• Share split expected to enhance liquidity and investor participation
• Both proposals subject to board, regulatory, and shareholder approvals

The outcome of the board meeting will be closely watched by investors, as details on structure, timing, and pricing of the potential issue, as well as the specific share split ratio, could influence market sentiment and valuation.

Source: Exchange Filing, Business News Wires