Shemaroo Entertainment Raises ₹15.5 crore via Promoter‑Only Issue
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Shemaroo Entertainment raised a modest ₹15.51 crore through a promoter‑only preferential issue to retire unsecured debt and ease its leverage.
- Issued 1,410,000 equity shares at ₹110 each (₹10 face value + ₹100 premium), generating ₹15.51 crore of cash.
- Each promoter—Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, Jai Buddhichand Maroo—received 352,500 shares, lifting their holdings to 15.21%, 15.21%, 10.48%, and 5.52% respectively.
- The proceeds will be used to retire existing unsecured borrowings, strengthening the balance sheet and cutting interest expenses.
- Shares are subject to SEBI lock‑in rules; approvals have been obtained from NSE (letter NSE/LIST/53442) and BSE (letter LOD/PREF/DA/FIP/1960/25-26).
- Dilution is minimal because the issue is confined to promoters, making the move moderately positive for investors.
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