Kross Limited secures Rs 31.80 crore via preferential allotment to non-promoters and promoters Back
<p>Kross Limited announced the allotment of 15,00,000 equity shares and 15,00,000 fully convertible warrants on a preferential basis, raising a total of Rs 31.80 crore in cash. The equity shares were allotted to non-promoters including Rathore Gauravraj Singh Vijaysingh, Dhruv Agarwal, Saroj V Rathore and Richa Gauravraj Singh Rathore, while promoters Sumeet Rai and Kunal Rai received the warrants. Consequently, the company's paid-up equity capital increased to Rs 33.00 crore, consisting of 6,60,09,422 equity shares. The board also constituted a Capital Management Committee comprised of Deepa Verma, Sudhir Rai, and Kunal Rai.</p>