Blue Star has received an approval for raising of funds, inter alia, by way of issuance of equity shares, fully/partly convertible debentures, non-convertible debentures (NCDs), and/or any other financial instruments convertible into equity shares (including warrants, or otherwise, in registered or bearer form) and/ or any security convertible into equity shares or combination of any of the aforementioned securities in one or more tranches through one or more public and/ or private offerings including by way of a qualified institutions placement or any combination thereof or any other method as may be permitted under applicable laws to eligible investors and in such manner and on such price, terms and conditions, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and applicable provisions of the Companies Act, 2013 and rules issued thereunder, as amended in each case, the enabling provisions of the Memorandum and Articles of Association of the Company and any other provisions of applicable laws, for an aggregate amount not exceeding Rs 1,000 crore in one or more tranches subject to such regulatory/ statutory approvals as may be required, including the approval of the Shareholders of the Company in the general meeting or through postal ballot. The Board of Directors of the company at its Meeting held on August 3, 2023, have inter alia considered and approved the same.
Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.
Company Name | CMP |
---|---|
Voltas | 1487.10 |
Blue Star | 1447.50 |
Amber Enterprises | 3965.60 |
Johnson Controls | 1270.40 |
EPACK Durable | 197.30 |
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