Gei Hamon, maker of heat management systems for oil and power companies, will raise Rs 5.26 crore (Rs 52.6 million) through preferential issue of equity-linked warrants to its promoters.
The company informed the Bombay Stock Exchange on Monday that its board of directors at its meeting on April 28 have decided to make a preferential allotment of up to 9 lakh warrants, convertible into equity shares, at Rs 58.5
0
each.
An extra ordinary general meeting of the company has been scheduled for May 28 for approving the proposed preferential issue.
The company already has approval for raising up to $20 million from overseas markets.