Hot Pursuit     22-Apr-24
Sanghi Inds to raise Rs 2,200 cr via preference shares
Sanghi Industries announced that its board has approved fund raising through issuance of non-convertible preference shares aggregating up to Rs 2,200 crore in one or more tranches.
The company will issue 220 crore non-convertible cumulative redeemable preference shares with face value Rs 10 each at par, aggregating upto Rs 2,200 crore on private placement basis.

Sanghi Industries is engaged in the manufacturing and marketing of cement and cement products in domestic and export market.

The company reported a consolidated net loss of Rs 142.73 crore in Q3 FY24 as compared with net loss of Rs 143.95 crore recorded in Q3 FY23. Revenue from operations jumped 42.2% YoY to Rs 188.73 crore in Q3 FY24.

The scrip rose 0.82% to trade at Rs 94.85 on the BSE.

Previous News
  Sanghi Industries reports standalone net loss of Rs 104.56 crore in the March 2023 quarter
 ( Results - Announcements 18-May-23   07:34 )
  Board of Sanghi Industries approves sub-division and increase in authorised share capital
 ( Corporate News - 22-Apr-24   14:39 )
  Sanghi Industries to convene board meeting
 ( Corporate News - 16-Dec-22   10:09 )
  Sanghi Industries standalone net profit declines 86.61% in the December 2018 quarter
 ( Results - Announcements 07-Feb-19   16:11 )
  Sanghi Industries standalone net profit declines 29.20% in the March 2018 quarter
 ( Results - Announcements 21-May-18   15:48 )
  Sanghi Industries standalone net profit declines 37.06% in the June 2018 quarter
 ( Results - Announcements 09-Aug-18   09:20 )
  Sanghi Industries to hold board meeting
 ( Corporate News - 27-Oct-15   10:08 )
  Sanghi Industries plans capex investment of Rs 1200-1500 crore
 ( Corporate News - 13-Jul-15   11:29 )
  Sanghi Industries to convene AGM
 ( Corporate News - 03-Jun-24   17:24 )
  Board of Sanghi Industries approves raising up to Rs 2,200 cr via preference shares
 ( Corporate News - 22-Apr-24   14:42 )
  Sanghi Industries reports net loss of Rs 23.42 crore in the December 2009 quarter
 ( Results - Announcements 28-Jan-10   18:23 )
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