You are here: Home » Companies » News
RIL bats for no caps on domestic gas price as govt panel seeks review
Business Standard

Happiest Minds board approves raising of Rs 1,400 cr through equity debt

IT company Happiest Minds Technologies board on Wednesday approved raising of up to Rs 1,400 crore through equity or debt bonds, the company said in a regulatory filing

Topics
Happiest Minds | ipo filing

Press Trust of India  |  New Delhi 



Happiest Minds Technologies
Happiest Minds Technologies

IT company Technologies board on Wednesday approved raising of up to Rs 1,400 crore through equity or debt bonds, the company said in a regulatory filing.

"We wish to inform you that the board at its meeting held today i.e. October 5, 2022 has inter alia considered and approved the matter related to raising funds," the filing said.

The company board has approved "raising of up to Rs 1,400 crore inclusive of premium amount, if any" by way of issuance of any instrument or securities, including equity shares, global depository receipts, American depository receipts, fully/partly convertible debentures, foreign currency convertible bonds, warrants, or any combination thereof.

The company has permission to even opt for a public issue, preferential allotment, private placement etc for fund raise, according to the filing.

had reported about 57 per cent increase in consolidated net profit at Rs 53.34 crore in the first quarter ended June 30, 2022.

The company's consolidated revenue from operations were up 34.46 per cent to Rs 328.92 crore during the reported quarter.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, October 05 2022. 22:23 IST

RECOMMENDED FOR YOU

.