FMCG company approves funds raising via convertible warrants - Check details

FMCG institution Evexia Lifecare has informed exchanges astir its caller fundraising initiative. The institution said that the committee has approved the preferential contented of up to 24 crore convertible warrants, each priced astatine Rs 3.60.

However, this is taxable to to indispensable support of the members of the Company and different regulatory authorities.

The committee has fixed to clasp an Extra Ordinary General Meeting of the members of the institution connected Wednesday, October 23, 2024 to question the support of the shareholders of the institution connected this matter.

"To contented upto24,00,00,000 Convertible Warrants, of the company, astatine a terms of Rs. 3.60/- per Warrant each convertible into, oregon exchangeable for, 1 (one) afloat paid-up equity stock of the Company having look worth of Re.1/- (Rupee One Only) each astatine a premium of Rs. 2.60/- per stock aggregating to not much than Rs.86,40,00,000 /- (RupeesEighty Six Crores Forty Lakhsonly) to the projected allottees (as listed successful Annexure 1 ) by mode of preferential issue," the institution said successful an speech filing.

Meanwhile, home equity indices Sensex and Nifty scaled their caller grounds precocious levels successful aboriginal commercialized connected Monday, helped by beardown overseas money inflows and rally successful Asian markets.

The 30-share BSE Sensex jumped 318.58 points to deed an all-time precocious of 84,862.89. The NSE Nifty surged 120.75 points to scope a caller grounds precocious of 25,911.70.

From the 30 Sensex firms, Mahindra & Mahindra, Bharti Airtel, NTPC, State Bank of India, Kotak Mahindra Bank, Adani Ports, Tata Steel and Tata Motors were the biggest gainers.

ICICI Bank, HCL Technologies, JSW Steel and ITC were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worthy Rs 14,064.05 crore connected Friday, according to speech data.