Priti International will issue 30,11,000 convertible warrants into 30,11,000 equity shares with a face value of Rs 10 each to several investors including Shankar Sharma, Porinju Veliyath’s Equity Intelligence Fund, Emerging Opportunites, Ashish Chugh and Occulus Capital Growth Fund.
Ritesh Lohiya, CEO, Priti International Limited stated that the Company has strong fundamentals with a sound balance sheet and is always trying to create and add more value to customers and shareholders. It is highly delightful that some of the bigshots of Dalal Street have shown their keen interest in the preferential issue and subscribed to it. He added that the Company has delivered decent appreciation for the investor’s capital and aims to continue to do so in the future as well. Profitability in the books is the key priority.