300 cr raise thorugh warrants at a price of 425 for current and future acquisitions, debt repayment, expanding operations and future expansion.
Major 200cr out of 300cr is by promoter group, 20crs by shareholders of Monga
Strayfield Private Limited and rest 75cr by non promoters.
Very well poised to achieve 500cr revenue this year and also hints on company’s future acquisitions to increase synergies and grab group orders.
In the concall, company has guided for 100cr revenue of ME energy in FY25 which it acquired last year and had a revenue of 30cr.
So clearly the company enhances its possiblities of converting its enquiry pipeline (currently 2000cr) into orders by such acquisitions. Management also states that they do not proceed with another acquisition till they finish one. Management has walked the talk for the last 4-5 quarters.
Interesting thing is promoters infusing money into the company even after a big surge in stock price in last 1.5yrs.
press release for acquisition.pdf (320.0 KB)
Kilburn warrants disclosure.pdf (381.4 KB)
Disclaimer : invested from lower levels.
| Subscribe To Our Free Newsletter |
