The company has announced a board meeting on November 02, 2023, to consider the financial results for the quarter and half-year.

KR

K&R Rail Engineering Ltd514360 · Filed with the exchange

In the same meeting, the Board will also evaluate and approve a fund-raising plan for an aggregate amount not exceeding Rs. 500 Crore.

This fundraising could involve issuing equity shares, convertible bonds, warrants, or other eligible securities via a Preferential Issue, Qualified Institutions Placement (QIP), Rights Issue, or a combination.

This potential capital infusion is a significant development for the company's financial strategy.

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