Praxis Home Retail Ltd. ( (IN:PRAXIS) ) has provided an announcement.
Praxis Home Retail Limited’s Board of Directors approved the issuance of equity shares on a preferential basis to convert trade payables amounting to Rs.12.26 crore. The shares, priced at Rs.23.19 each, will see 52,88,900 equity shares issued, aligning with SEBI guidelines. This strategic move aims to manage financial obligations and engage with significant investors, potentially strengthening the company’s operational and financial footing.
More about Praxis Home Retail Ltd.
Praxis Home Retail Limited operates in the home retail industry, offering a range of home products and services. With a focus on the Indian market, the company is known for its diverse product offerings catering to various home needs.
YTD Price Performance: -21.77%
Average Trading Volume: 16,339
Current Market Cap: 2.05B INR
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