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.
