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Kushal's avatar

U missed 315 crores fund raise part for a 1000 cr company . Might be another earnings trigger?

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Tar's avatar

I havent called it out specifically, but its being raised as part of convertible warrants at a price of 285.3/share

Not necessarily an earnings trigger, I dont get why they are issuing warrants now considering the company already has ~200cr on books with low debt of ~66cr

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Kushal's avatar

They have mentioned the purpose.1) 160 crore for aquisition.(inorganic triger).setting up new api manufaturing facility, 2)73 crores. 3) 50 crores or smthng for expanding mcc capacity in Hyderabad plant. The rest money for general corporate purposes and working capital requirements. Won't the 2) and 3) become earnings trigger?. And 1) becoming inorganic trigger

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