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Tembo Global Industries Ltd. ( (IN:TEMBO) ) has issued an update.
Tembo Global Industries Limited has announced an increase in its authorised share capital from Rs. 22 crore to Rs. 30 crore, pending shareholder approval. This move is part of a broader strategy to raise funds through the issuance of equity shares and share warrants to both promoter and non-promoter investors, which could significantly impact the company’s capital structure and market positioning. The company plans to issue up to 40,38,600 equity shares and 24,00,000 share warrants at a price of Rs. 492 each, subject to necessary regulatory and shareholder approvals. This capital raising initiative is aimed at enhancing the company’s financial flexibility and supporting its growth objectives.
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