India, July 23 -- About a year after its listing, D2C personal care brand Menhood's parent Macobs Technologies is seeking shareholders' approval to raise over INR 42 Cr.

In its recent board meeting, the NSE Emerge-listed company's board approved a proposal to issue 24.8 Lakh fully convertible equity warrants at an issue price of INR 170 on a preferential basis to promoters and persons belonging to promoter and non-promoter groups. This translates to INR 42.16 Cr.

While cofounder and CBO Divya Gandotra will invest INR 8.16 Cr, investment firms Pinnacle Investments and Capital Vision would invest INR 8.5 Cr.

The biggest amount will come from Menhood's existing investor Raman Talwar, who would invest INR 17 Cr. Post the allotment of prefe...