Avance Technologies Unleashes Ambitious ₹250 Crore Fundraising Drive to Power Next-Gen Growth

Avance Technologies Ltd today announced that its Board of Directors has sanctioned a proposal for raising up to ₹250 million of funds. The funds will be raised by preferential issue of convertible equity warrants, and the same is subject to due regulatory and shareholder approvals. These warrants will be convertible within a period of 18 months from the date of allotment.

 

The fundraising campaign is a component of Avance Technologies' strategic plan to propel growth and diversification. The firm, which specializes in IT product trading and digital marketing solutions, seeks to use the additional capital to enhance its service capabilities and pursue new growth opportunities in the technology industry.

 

According to SEBI (Prohibition of Insider Trading) Regulations, the company has informed that its trading window continues to be closed for the identified individuals and their immediate family members until 48 hours after the announcement of audited financial results for the quarter ended March 31, 2025.

 

The move by the Board is in line with Avance Technologies' focus on maximizing shareholder value and preparing itself for long-term growth in light of changing market conditions. Further details regarding the mode and timing of the fund-raising will be released after obtaining required approvals.

 

Source: Business Standard