Menhood Seeks Shareholders’ Nod To Raise INR 42 Cr Via Preferential Issue

The NSE Emerge-listed company’s board approved a proposal to issue 24.8 Lakh fully convertible equity warrants at an issue price of INR 170 on a preferential basis to promoters and persons belonging to promoter and non-promoter groups

While cofounder and CBO Divya Gandotra will invest INR 8.16 Cr, investment firms Pinnacle Investments and Capital Vision would invest INR 8.5 Cr

Since listing in July 2024, the D2C company’s shares have zoomed over 71% from their listing price of INR 92

About a year after its…