Mumbai, Sept. 26 -- The Board of Directors of Aequs has approved the preferential issue of up to 2,80,71,690 warrants, each convertible into one fully paid-up equity share of face value Rs 10, to Mellwood Trustee Services (Trustee of the Melligeri Private Family Foundation) (Promoter), a member of the Promoter Group, aggregating to approximately Rs 650 crore. The issue is subject to the shareholders' approval and such other statutory and regulatory approvals as may be required.

Published by HT Digital Content Services with permission from Capital Market....