RBM Infracon Ltd Announces ₹290 Crore Warrant Issue to Boost Capital

RBM Infracon Ltd, a leading infrastructure development company, has approved the issuance of 5 million warrants at ₹580 each, potentially raising ₹290 crore. The board's decision aims to strengthen the company's capital base and fund ongoing and future projects. Each warrant will be convertible into one equity share within 18 months from the date of allotment. This move is expected to enhance RBM Infracon's financial flexibility and support its growth strategies in the competitive infrastructure sector. The company's shares closed at ₹337.95  on the day of the announcement, reflecting investor optimism about the capital infusion and its potential impact on RBM Infracon's market position.

 

Source: BSE Filing, Company Announcement