Happiest Minds Technologies Ltd to consider fund raising proposal

A meeting of the Board of Directors of Happiest Minds Technologies Limited is scheduled to be held on October 5, 2022 to consider and approve the matter related to raising funds by way of issuance of any instrument or securities, including equity shares, fully / partly convertible debentures, global depository receipts, American depository receipts, foreign currency convertible bonds, warrants, or any combination thereof, in one or more tranches, for an aggregate amount not exceeding ₹ 14,00,00,00,000 (Rupees One Thousand Four Hundred Crores only) (inclusive of premium amount, if any) at such price or prices as may be permissible under applicable law by way of a public issue, preferential allotment, private placement (including one or more qualified institutional placements), or through any other permissible mode and / or combination thereof as may be considered appropriate under applicable law, to eligible investors, subject to the receipt of the necessary approvals including the approval of the members of the Company and such other regulatory / statutory approvals as may be required, including approval of the notice to obtain shareholders' approval in this regard and to approve ancillary actions for the above mentioned fundraising by way of a postal ballot.

Source : Equity Bulls

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HappiestMindsTechnologies FundRaising BoardMeeting