Lokesh Machines Limited allotted 13,00,000 equity shares and 27,77,919 convertible warrants on a preferential basis, raising a total of ₹74.10 Crore. The allotment includes shares to non-promoters and warrants to both promoters and non-promoters to strengthen the company's capital base.
Lokesh Machines Limited received in-principle approval from BSE and NSE to raise approximately ₹74.14 Crore through a preferential issue. The company will issue 13,00,000 equity shares and 27,77,919 convertible warrants at ₹181.71 each to promoters and non-promoters. This capital infusion strengthens the company's financial position for future growth.
