India's Aequs rises as promoter group plans $68 mln equity infusion
28/09/2026 04:57
BUZZ-India's Aequs rises as promoter group plans $68 mln equity infusion ** Shares of Aequs AEQU.NS, RIC rise up to 5.26% to 259 rupees
** Precision component maker's board approved a preferential issue of warrants worth about 6.5 billion rupees ($67.77 million) to co's promoter group, the Indian term for founders and controlling shareholders of a company
** Proceeds will fund aerospace and consumer capacity expansion, including development of co's Hosur facility in South India and support term borrowings
** On full conversion, the promoter group's stake will rise to 60.73% from 59.09%
** YTD, AEQU up ~80%
($1 = 95.9100 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru)
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