SJ Corporation fund raise announcements

Fund RaiseSJ Corporation Ltd SJCORP

SJ Corporation Fund Raise

Fishfa Rubbers Ltd, a wholly owned subsidiary, approved preferential allotment of equity and CCCPS. This strengthens the subsidiary's capital base.

Fund RaiseSJ Corporation Ltd SJCORP

SJ Corporation Fund Raise of ₹42 Cr

SJ Corporation Ltd has received BSE listing approval for 3,50,00,000 equity shares issued on a preferential basis. The shares were issued at Rs. 12 each, representing a total fund raise of ₹42.00 Crore. This move strengthens the company's capital base through contributions from promoters and non-promoters.

Value

₹42.00 Cr

Fund RaiseSJ Corporation Ltd SJCORP

SJ Corporation Fund Raise

SJ Corporation Ltd allotted 3.50 crore equity shares on a preferential basis to proposed promoters and non-promoters. This issuance resulted in the dilution of existing promoter holdings, with Savji Patel's stake decreasing from 37.39% to 7.21% and Ushaben Patel's stake decreasing from 33.46% to 6.45%.