Belagavi firm Aequs gets approval for ₹650-crore equity infusion
Proceeds to fund aerospace and consumer capacity expansion and support company’s borrowing programme
Aequs Limited, a Belagavi-based engineering firm specializing in precision manufacturing, has received approval for a ₹650 crore equity infusion. The funds will be raised through the preferential issue of up to 2,80,71,690 warrants, convertible into fully paid-up equity shares. The investment will aid in capacity expansion across aerospace and consumer businesses, including the development of the Hosur facility.
The equity will also serve as the base for the company to raise term borrowings for expansion. The warrants, with an issue price of ₹231.55, can be exercised within 18 months of allotment and must be converted by December 31, 2027. Following conversion, the Promoter and Promoter Group's ownership will rise from 59.09% to 60.73%.
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