New Delhi, Dec. 28 -- Manaksia Coated Metals & Industries Limited, a leading manufacturer of coated metal products, has secured shareholder approval to raise Rs.134.55 crore through a preferential issue of equity warrants, the company announced in an exchange filing on December 26. This fundraising signals a bold step forward for small-cap stocks, which have already delivered an impressive 2700 per cent return to investors over five years.

As per the company, 2.07 crore fully convertible warrants will be issued at Rs.65 each. The proceeds are earmarked for reducing debt, enhancing production capabilities, and implementing cutting-edge technology, enabling the transition to value-added products.

Manaksia Coated Metals & Industries share ...