Zelio E-Mobility To Raise ₹168 Cr Via Preferential Issue

Electric vehicle (EV) manufacturer Zelio E-Mobility’s board of directors approved a proposal today to raise up to ₹167.95 Cr via a preferential issue of equity shares and convertible warrants to fund its growth initiatives. The BSE SME listed company will issue up to 9.73 Lakh equity shares at an issue price of ₹853 per share to four non-promoter institutional and private investors, aggregating to nearly ₹83 Cr. The allottees would be Motilal Oswal Financial Services to get ₹40.1 Cr, Calliope Ca