Xpro India Ltd has proposed a capital raising plan to raise up to ₹140 crore through a preferential issue of convertible warrants and up to ₹150 crore through Qualified Institutions Placement (QIP).
The company has said in its regulatory filing that the promoter group will also participate in the preferential issue.
In addition, Xpro India’s board has also approved the setting up of a subsidiary in the United Arab Emirates (UAE).
Xpro India stock declined by 3.78 per cent on the NSE, trading at ₹1,138.55 as of 2:23 pm.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.