Wine maker Indage Vintners today said it will raise Rs 200 crore through various routes, including issue of shares and convertible warrants.
The board of directors has given in-principle approval for raising funds Rs 200 crore by way of issue of equity shares and convertible warrants on preferential basis to identified investors, promoters and by qualified institutional placement to qualified institutional buyers, Indage said in a filing to the Bombay Stock Exchange.
The proposal is subject to shareholders approval, the filing added.
Shares of Indage Vintners was trading at Rs 115, up 0.88 per cent on the BSE.