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Krishca Strapping Solutions allotted warrants and equity shares worth ₹43.72 Crore on a preferential basis. The issuance strengthens capital for growth while increasing paid-up equity.
Krishca Strapping Solutions reported zero deviation in the utilization of ₹11.49 Crore raised via preferential warrants. Funds were fully deployed toward manufacturing expansion and working capital.
Krishca Strapping Solutions' subsidiary, Vajra Alloys, is raising approximately ₹11.52 Crore through a preferential allotment to Sambhv Steel Tubes and other investors. The investors will acquire a 23% stake, while Krishca retains a controlling interest. Funds will support Vajra Alloys' specialty metals manufacturing business.