Kilburn Engineering Ltd: Kilburn Engineering Ltd to raise ₹300 crore through preferential allotment

Calcutta: Kilburn Engineering Sp. z o. o. he suggested to raise up to 300 crore rupees by preferential allocation With shares and/or convertible warrants at Rs 425 per share. The company said the proposal is subject to approval by members at the upcoming AGM. The promoters’ stake may come down by 2-3% after the fund raise. The promoters have 50% stake in the company.
A Kilburn official said that apart from the promoter group, a group of domestic HNIs and corporates are investing in the company along with a few foreign institutional investors. The company’s managing director Ranjit Lala said, “This strategic move will strengthen the company’s financial position and support our growth initiatives. The funds raised will be primarily used for ongoing acquisitions, business expansion, repayment of long-term debt and pursuing future expansion and strategic acquisitions.”

We have also recently published the following articles

Caroline Garcia criticizes bookmaker promotion in the context of online abuse
French tennis player Caroline Garcia has revealed she was the victim of online abuse following her first-round US Open loss to Renata Zarazua. She has criticised social media platforms and betting companies’ promotion, raising concerns about the impact on players. Other players, such as Iga Świątek and Madison Keys, have supported her stance on the matter.

ChatGPT creator OpenAI seeks funding as concerns and funding needs grow
OpenAI is in talks to raise more than $100 billion in new funding led by Thrive Capital. Despite financial challenges, including a projected loss of up to $5 billion in 2024, the company plans to cover its significant operating costs. This would make OpenAI one of the most valuable startups in the world, after previous funding rounds totaling more than $11 billion.

Xbox Live Party Chat Feature Returns After Outage, Here’s What the Company Said
Xbox Live users encountered issues with the party chat feature, making it difficult to communicate with friends. Microsoft acknowledged the issue on social media and restored service within an hour. While some users had problems with online matchmaking, multiplayer games like Overwatch 2 and Rainbow Six Siege were largely unaffected. Alternatives like Discord were recommended.