HFCL Fund Raise of ₹555 Cr
HFCL Limited allotted 7.50 Crore warrants to promoter group entities at Rs.74 per share. This preferential issue targets a ₹555.00 Crore fund raise upon conversion.
- Value
- ₹555.0 Cr
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HFCL Limited allotted 7.50 Crore warrants to promoter group entities at Rs.74 per share. This preferential issue targets a ₹555.00 Crore fund raise upon conversion.
HFCL Limited allotted 7.5 crore warrants to promoter group entities, raising ₹138.75 crore. This preferential issue strengthens the company's capital base for future growth.
HFCL Limited submitted Monitoring Agency Reports from CARE Ratings Limited regarding the utilisation of ₹902 Crore raised through two Qualified Institutions Placements. The reports confirm funds were deployed for capital expenditure, R&D, and working capital, with one QIP fully utilised by March 2026.