(20 second reading) Craftsman Automation announced that its board would consider the proposal for a fund-raise in its upcoming meeting on April 27.
The board will also approve the Q4 FY24 earnings of Craftsman Automation in the same meeting.
The company is looking to raise funds in one or more tranches by issue of equity shares and/or any other instruments or eligible securities representing either equity shares and/or convertible securities linked to equity shares or through any other permissible mode or a combination thereof
The company did not reveal either the quantum of funds it is looking to raise or how it plans to use the proceeds.