India, Jan. 28 -- Active Clothing Co Limited a design-to-shelf apparel platform specialising in flat-knitted sweaters, jackets and circular-knitted garments for global fashion brands, has announced that its board has approved a Rs 323 crore fund raise through a preferential issue of warrants.
The board has cleared the issuance of up to 20 lakh warrants, each convertible into one fully paid-up equity share of face value Rs 10, at an issue price of Rs 115 per warrant, payable in cash. The proposed issue aggregates to a total amount of up to Rs 323 crore.
The preferential allotment will be made to promoters, members of the promoter group, and non-promoter investors. Of the total warrants proposed, 50% will be allotted to the promoters and pr...