Back
Corporate News
Kerala Ayurveda secures Rs 137.07 crore via share issue to Katra Holding, settling a loan
04-Sep-2026, 01:47
Kerala Ayurveda Limited said its board approved a preferential issue of up to 720,000 equity shares with a face value of Rs 10 each at a price of Rs 190.37 per share, totaling Rs 137.07 crore, to Katra Holding Private Limited, a promoter group entity, to partially adjust an existing unsecured loan of Rs 26.41 crore. The company will convene its 34th Annual General Meeting on September 28, 2026, through video conferencing or other audio visual means, and will seek shareholder approval for the preferential issue.