Board of Wardwizard Innovations Mobility approves fund raising up to USD 150 mn

10 Dec 2022 , 12:04 PM

The Board of Wardwizard Innovations Mobility at its meeting held on 06 December 2022 has approved to raise fund to the tune of 150 Million USD or equivalent INR by way of issuance of any instruments andor securities including fully or partly convertible debentures Qualified Institutions Placement QIPAmerican Depository Receipts ADRsGlobal Depository Receipts GDRs program or any combinations thereof in one or more tranches as may be decided This proposal will be taken up further subject to Shareholders approval and receipt of other applicable GovernmentalRegulatoryStatutory approvals either by way of public issue preferential allotment private placement including and or more qualified institutional placements or through ant other permissible mode andor combination thereof as may be considered under applicable laws to eligible investors