Board of HFCL approves issuance of warrants and fund raising up to Rs 650 cr

4 Sep 2022 , 01:33 AM

The Board of HFCL at its meeting held on 02 September 2022 has approved the following 1 Issuance up to One crore Warrants convertible into 10000000 equity shares at a price of Rs 80 per equity share aggregating to Rs 80 crores to one of the Promoter 2 Issuance up to 4100000 warrants convertible into 4100000 equity shares at a price of Rs80 per equity share aggregating to Rs3280 crore to the persons belonging Non-Promoter category being senior leadership team 3 Raising of funds upto Rs650 crore by way of private placement or preferential issue or public issue or rights issue or qualified institutions placement or through any other permissible mode andor combination thereof including by way of issue of equity shares preference shares bonds debentures non-convertible debt instruments any other securities subject to approval of the shareholders in the ensuing annual general meeting and other regulatory governmental authorities as may be required