Warrant Issue Falls Short, Capex Plans Slashed
Man Infraconstruction Limited · MANINFRA · NSE ·
The company's preferential warrant issue was undersubscribed, raising ₹512.64 Cr against a target of ₹543.21 Cr—a shortfall of ₹30.57 Cr. Due to the lower-than-expected funds, the budget for 'Purchase of fixed assets' has been drastically cut by 83%, from a planned ₹30 Cr down to…