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Asian Granito planning to raise Rs 90 crore via preferential warrants issue

14 Mar 2019 Evaluate

Asian Granito India planning to issue 50 lakh convertible warrants on preferential basis to promoter & non promoter group at Rs 180 per share. The Company is expected to raise Rs 90 crore through the warrants issue and proceeds will be utilise to fund its expansion plans, debt reduction, meet working capital requirement and improve capital structure. The company expects to receive the first installment of 25% of issue proceeds Rs 22.5 crore by end of April 2019.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.

Asian Granito India Share Price

75.34 2.26 (3.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1178.20
Somany Ceramics 441.15
Cera Sanitaryware 5332.20
Asian Granito India 75.34
Pokarna 928.60
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