Likhitha Infrastructure Ltd to raise funds of Rs. 125 crores through QIP

The Board of Directors of Likhitha Infrastructure Ltd at its meeting held on Wednesday, September 27, 2023 has considered and approved the proposal for raising of funds by way of issuance of such number of equity shares having face value of Rs. 5/- each of the Company ("Equity Shares") and / or other eligible securities or any combination thereof (hereinafter referred to as "Securitics™), for an aggregate amount not exceeding Rs. 125 Crores (Rupees One Hundred and Twenty Five Crores only) by way of qualified institutional placement ("QIP") or other permissible mode in accordance with the applicable laws, subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory / statutory approvals, as may be required; and to seek approval of the shareholders for the aforesaid issuance and ancillary actions by way of postal ballot process.

Source : Equity Bulls

Keywords

LikhithaInfrastructure FundRaising QIP