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Olectra Greentech gets approval to raise up to Rs 800 crore

02 Sep 2022 Evaluate

Olectra Greentech has received an approval from its board for a plan to raise up to Rs 800 crore through issuance of securities. The company is looking to raise the amount through issuance of equity shares and /or through sale of securities convertible into equity shares.

These could include issuance of warrants through one or more private offerings. However, Olectra Greentech did not specify the purpose for raising the funds.

Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.

Olectra Greentech Share Price

1226.25 13.00 (1.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ashok Leyland 174.75
Force Motors 22382.80
Olectra Greentech 1226.25
Tata Motors 439.15
SML Mahindra 4317.20
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