Highway Infra to raise ₹498 crore via warrants, acquire 51% in Indore Highway Real Estates
Highway Infrastructure Limited will increase authorized capital to ₹50 crore and issue 1 crore warrants to promoters for ₹49.82 crore. The company will also acquire 51% of Indore Highway Real Estates for ₹38.99 lakh. The acquisition is expected to be completed in approximately one month.
The substantial fundraising through warrants and the acquisition of a controlling stake in another entity are material events that are expected to have a significant impact on the company's future operations and financial structure.
The company is undertaking significant corporate actions including fundraising through warrants and a strategic acquisition, which are generally viewed positively for growth and expansion.
Highway Infrastructure Limited announced a significant board meeting outcome on October 14, 2026. The company has decided to increase its authorized share capital from ₹40 crore to ₹50 crore, subject to shareholder approval.
Furthermore, the Board approved the issuance of up to 1 crore warrants, convertible into equity shares within 18 months, to the Promoter and Promoter Group at a price of ₹49.82 per warrant. This preferential issue is expected to aggregate up to ₹49.82 crore. Upon issuance, 25% of the warrant subscription price will be payable upfront, with the remaining 75% due upon conversion.
In a strategic move to expand its infrastructure business, Highway Infrastructure Limited also proposed to acquire a 51% stake in Indore Highway Real Estates Private Limited. This acquisition involves purchasing 25,500 equity shares at ₹152.89 per share, for a total consideration of ₹38.99 lakh. The target company, engaged in infrastructure, will become a subsidiary upon completion, which is expected within approximately one month.
The company also approved the draft notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for the capital increase and the warrant issuance. The Board meeting commenced at 8:00 PM and concluded at 8:14 PM.
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Highway Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Highway Infrastructure Limited. Read the original for the full detail.