Virtuoso Optoelectronics Ltd's board approved a preferential issue of 16,89,859 equity shares to three investors, aggregating ₹85 Crore. This capital raise is subject to shareholder approval.
Virtuoso Optoelectronics confirmed the full utilization of ₹30 Crore raised through preferential allotment. The report shows zero deviation from the original objects.
Virtuoso Optoelectronics released its Monitoring Agency Report for the Rs.140 Crore preferential warrant issue. Funds are being utilized for fixed assets and working capital.
Virtuoso Optoelectronics Limited's board approved a fund-raise of up to ₹250 Crore. The capital will be raised in one or more tranches via equity shares, QIPs, preferential issues, or rights issues, subject to shareholder and regulatory approvals. The funds will strengthen the company's financial position for future growth.