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Tembo Global Industries Ltd. ( (IN:TEMBO) ) just unveiled an announcement.
Tembo Global Industries Ltd. announced the approval of a circular resolution by its Board of Directors for the allotment of 239,525 equity shares. These shares, priced at Rs. 492 each, are being issued on a preferential basis to non-promoter entities, raising a total of Rs. 11.78 crore. The newly allotted shares will have the same rights as existing shares and will be subject to a lock-in period as per SEBI regulations. This move reflects the company’s strategic efforts to raise capital and strengthen its financial position.
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