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Mumbai (Maharashtra) [India], March 18 (ANI/PNN): Shri Keshav Cement & Infra Limited (BSE - 530977), a leading manufacturer of cement and solar power in Karnataka, has announced a fund-raising initiative through a Preferential Issue of Equity Shares & Equity Share Warrants. The company aims to raise a total of INR 45.98 Crore, comprising INR 19.65 Cr by way of 15,72,000 Equity Shares at a price of INR 125/- per share and INR 26.33 Cr by way of 20,25,000 Equity Share Warrants at a price of INR 130/- each. Additionally, the company plans to convert unsecured loans amounting to INR 24.00 Cr from the Promoter and Promoter group into Equity Shares (19,20,000 Equity Shares at INR 125/- each). This fund raise will enable the company to expand its total cement capacity from 3,50,000 MTPA to 10,00,000 MTPA. Saint Capital Fund, Family office of Chindak brothers (Vega Helmets), Team India Managers Limited are some of the marquee investors participating in the fund raising. Prime Securitie
Shri Keshav Cement & Infra Limited, a leading manufacturer of cement and solar power in Karnataka, has announced a fund-raising initiative through a Preferential Issue of Equity Shares & Equity Share Warrants.