Hazoor Multi Projects Ltd (HMPL) approves a proposal to raise Rs 486 crore through the issuance of warrants, subject to shareholder and regulatory approvals. The plan entails issuing 1.62 crore fully convertible warrants to ‘non-promoter’ and ‘public’ category persons at Rs 300 per warrant. The funds raised will bolster financial resources to fuel the company’s growth initiatives. Additionally, the board approves the formation of a fundraising committee. HMPL specializes in constructing road projects on an engineering, procurement, and construction (EPC) basis.
HMPL Plans Rs 486 Crore Fundraising via Warrants Issuance
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