6 days ago
Agastya Energy and Infrastructure Plans ₹566 Crore Preferential Issue
Agastya Energy and Infrastructure wants to raise up to ₹566 crore.
Its board has approved a plan to do this through a preferential issue.
The issue may include new equity shares and convertible warrants.
The company says the money will improve its financial position.
It also plans to use the funds to support future growth.
The growth plans cover the energy and infrastructure sectors.
The company is part of the Anubhav Agarwal Group.
Chairman Anubhav Agarwal said the investment shows confidence in the company’s future.
Agastya Energy and Infrastructure’s board approved a proposal to raise up to ₹566 crore.
The fundraising will involve a preferential issue of equity shares and convertible warrants.
The company said the funds will strengthen its financial position and support long-term growth.
Agastya Energy and Infrastructure aims to expand across the energy and infrastructure sectors.
Chairman Anubhav Agarwal said the investment reinforces confidence in the company’s long-term vision.
- Who
- Agastya Energy and Infrastructure Ltd, part of the Anubhav Agarwal Group, and participating investors.
- What
- The company’s board approved raising up to ₹566 crore through a preferential issue of equity shares and convertible warrants.
- Where
- The articles do not specify a location.
- When
- The proposal was announced on September 15, 2026.
- Why
- To strengthen the company’s financial position and support long-term growth in the energy and infrastructure sectors.
Key facts
- Company
- Agastya Energy and Infrastructure Ltd
- Former name
- Sanginita Chemicals Ltd
- Parent group
- Anubhav Agarwal Group
- Proposed raise
- Up to ₹566 crore
- Fundraising method
- Preferential issue of equity shares and convertible warrants
- Stated purpose
- Strengthen finances and support long-term growth
- Announcement date
- September 15, 2026
Quotes
Anubhav Agarwal
Chairman of the Anubhav Agarwal Group
“This investment marks an important milestone in Agastya’s growth journey and reinforces our confidence in the company’s long-term vision”
thehindubusinessline.com
Sources
Related news
Sembcorp Green Infra Files ₹3,750 Crore IPO Papers
Piramal Finance Approves Rs 1,705 Crore Preferential Warrants Issue
IRB Infrastructure Approves ₹351 Crore Investment in InvIT Fund
Promoter Premium Investments Put Piramal Finance, Ather Energy Under Spotlight
Piramal Finance Raises ₹3,850 Crore Through QIP, Promoter Warrants
Avaada Electro Files ₹7,600 Crore IPO Papers With SEBI
