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SVP Global to raise Rs 235 Cr via Equity Warrants, convertible at 37% premium to market price

SVP Global Logo SVP Global to raise Rs 235 Cr via Equity Warrants, convertible at 37% premium to market price ANI | Updated: Jan 28, 2021 22:50 IST Mumbai (Maharashtra) [India], January 28 (ANI/PRNewswire): Pursuant to applicable provisions and regulations, SVP Global Ventures Ltd, one of the largest compact cotton yarn manufacturers in the world has announced it s intention to issue upto 2,23,80,952 Convertible Equity Warrants to it s parent company, Shri Vallabh Pittie Ventures Private Pvt Ltd. The aggregate value of the transaction will stand at Rs 235 Crs for cash and the allotment of warrants will be completed within 15-day period from the date of shareholders approval.

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