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Shera Energy allots 45 lakh warrants at ₹118 to raise ₹53.1 crore
Shera Energy Limited's board approved the preferential allotment of 45,00,000 fully convertible warrants at ₹118 per share on July 14, 2026. The issuance, totaling ₹53,10,00,000, was made to promoters Sheikh Naseem and Shivani Sheikh, and non-promoters Holani Venture Capital Fund – I and Quantumgrowth Partners LLP. The warrants are convertible into equity shares within 18 months, increasing the promoter group's holding to 66.82% upon full conversion.
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