Wonderla Holidays Limited has received board approval to raise up to ₹800 crore by issuing equity shares with a face value of ₹10 each. The fundraising will be conducted through various methods, including private placements, qualified institutions placements, preferential issues, or any other permissible modes, subject to necessary shareholder and regulatory approvals.
The company also announced an increase in its authorized share capital from ₹60 crore to ₹80 crore, dividing it into 8 crore equity shares of ₹10 each. Additionally, Wonderla Holidays will adopt a new set of Articles of Association as per the Companies Act, 2013, upon shareholder approval. The board meeting concluded on October 4, 2024.
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