Sangam Renewables has raised Rs 19.98 crore on preferential basis. The company has received approval for allotment of 10,800,000 equity shares of Rs 10 each, fully paid-up, at a price of Rs 18.50 including a premium of Rs 8.50 per equity share amounting to Rs 19.98 crore on preferential basis to Waaree Energies (Promoter Group entity). The Board of Directors of the Company at its meeting held on April 08, 2019 has approved the same.
Sangam Renewables is engaged in the business of providing diversified financial services with primary focus in assisting small and medium enterprises (SMEs) in corporate and non corporate sector in their financial planning and arranging funds for them.
