63 moons technologies limited has informed the Exchange about General Updates
CapitalWatchNotablemateriality 63 out of 100
What happened
Fact63SATS Cybertech Limited has raised Rs. 180 crores through the private placement of 18 crores equity shares at a premium of Rs. 9 per share. Additionally, 63 moons holds 6,000 partly-paid Zero Coupon Unsecured Optionally Fully Convertible Debentures amounting to Rs. 60 crores, which, upon full payment and conversion, will result in 63 moons holding 65.99 crore equity shares.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%