Sharp Chucks And Machines Fund Raise of ₹32.4 Cr
Sharp Chucks and Machines Limited approved a preferential issue of 40 lakh warrants at Rs. 81 each, raising Rs. 32.4 Crore, and proposed migrating to NSE Main Board.
- Value
- ₹32.40 Cr
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Sharp Chucks and Machines Limited approved a preferential issue of 40 lakh warrants at Rs. 81 each, raising Rs. 32.4 Crore, and proposed migrating to NSE Main Board.
Sharp Chucks and Machines Limited cancelled its proposed preferential issue of shares and warrants due to market volatility. The withdrawal has no material operational impact.
Sharp Chucks and Machines Limited is raising ₹81.23 Crore through a preferential issue of 57 lakh equity shares and convertible warrants. The issuance, priced at ₹142.50 per unit, involves 139 investors and aims to strengthen the company's capital base for future growth.