InoBat AS announced that it will issue 5,575,950 shares at a price of INR 322.861 for gross proceeds of INR INR 1,800,000,299 on June 20, 2024. The transaction includes participation from returning investor Amara Raja Energy & Mobility Limited for 4.5% stakes, will hold 9.32% stakes post completion the transaction. The transaction is expected to close by July 31, 2024, contingent upon meeting the Conditions Precedents outlined in the Transaction Documents.
Amara Raja Energy & Mobility Limited
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ARE&M
INE885A01032
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5-day change | 1st Jan Change | ||
1,663 INR | +3.66% |
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+18.72% | +103.65% |
12:30pm | Transcript : Amara Raja Energy & Mobility Limited - Special Call | |
06-25 | INDIA STOCKS-Financials, banks boost Indian shares to record highs | RE |
EPS Revisions
1st Jan change | Capi. | |
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+103.65% | 3.52B | |
+10.27% | 112B | |
-23.63% | 55.36B | |
+46.87% | 23.32B | |
-25.00% | 17.27B | |
-36.46% | 12.54B | |
-5.40% | 11.54B | |
+12.57% | 4.9B | |
-10.93% | 4.71B | |
+2.54% | 4.16B |
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- InoBat AS announced that it expects to receive INR 1.800000299 billion in funding from Amara Raja Energy & Mobility Limited