Spectrum Electrical Industries raises Rs 324.98 crore via equity
In short
Spectrum Electrical Industries raised Rs 324.98 crore through equity issuance. It also allotted 2,49,750 fully convertible warrants at Rs 2,002 each, worth Rs 49.99 crore in total.
The promoter paid Rs 12.49 crore, which is 25% of the warrant subscription price.
What the reporting says
Spectrum Electrical Industries raised Rs 324.98 crore through equity issuance, including the allotment of 2,49,750 fully convertible warrants at Rs 2,002 per warrant.
Why it matters
Spectrum Electrical Industries completed an equity raise of Rs 324.98 crore and separately allotted 2,49,750 fully convertible warrants at Rs 2,002 each. The filing summary says the promoter paid 25% of the warrant subscription price, amounting to Rs 12.49 crore.