Kesar India raises ₹292 crore through preferential issue

Kesar India Limited announced its board approved a preferential issue totaling ₹291.72 crore on August 1, 2025.

The fundraising includes ₹244.68 crore in fully convertible warrants, plus an additional ₹43.99 crore in warrants. Of the latter amount, ₹10.99 crore will convert existing loans while ₹32.99 crore represents new cash.

Promoters will contribute up to ₹121 crore through warrant subscriptions, with non-promoter investors providing ₹170.72 crore. The company will also issue ₹3.04 crore in equity shares.