SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Prakash Industries gets nod to raise Rs 125 crore on preferential basis

17 Nov 2017 Evaluate

Prakash Industries has received nod to raise Rs 125 crore through issuance of 91,07,500 Convertible Equity Warrants on Preferential basis. The proceeds from preferential issue will be utilized to augment the working capital of the company and to meet other long term requirements including debt repayments. The board of directors at its meeting on November 17, 2017 has approved the same.

The company will issue 76,50,300 Convertible Equity Warrants at a price of Rs 137.25 each, convertible into equity shares of Rs 10 each aggregating to Rs 105 crore to Shri V.P. Agarwal, Promoter of the Company, forming part of Promoter Group and will also issue 14,57,200 Convertible Equity Warrants at a price of Rs 137.25 each, convertible into equity shares of Rs 10 each, aggregating to Rs 20 crore to Tathastu Advisors LLP.

Prakash Industries is the largest manufacturer of PVC pipes and fitting in North India. It is a brand that consumers have trusted since last 37 years.

Prakash Inds. Share Price

143.95 3.10 (2.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×