2026-02-28 11:12:17 am | Source: PR Agency
Motisons Jewellers - Company Proposes to raise Rs 350 cr via QIP on March 6th
MOTISONS JEWELLERS: CO PROPOSES TO RAISE UP TO Rs 350 CR VIA EQUITY FUNDRAISING THROUGH PUBLIC/PRIVATE OFFERINGS INCLUDING QIP ON MARCH 6
i. Proposal to consider fund raising by the Company, by way of public or private offerings including through one or more qualified institutions placement or any other permitted modes under applicable laws for equity shares/securities to the eligible investors, not exceeding Rs. 350/- cr. (Three Hundred Fifty Crore Only), in one or more tranches and/or by way of one or more issuances, as may be permitted, subject to such statutory/regulatory/other approvals as may be required, including the approval of the members, to seek their consent for such fund raising and to approve ancillary actions for such fund raising.
ii. To consider increase in the Authorized Share Capital of the Company and consequent amendments in Capital Clause of the Memorandum of Association.
iii. To approve the notice of Postal Ballot for seeking shareholders’ approval for considering the aforesaid fund-raising matter and any other matter(s), if any.
iv. To appoint Merchant Banker and necessary intermediaries, if any, for this purpose and all other matters incidental thereto and connected therewith.
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