$DEEDEV

DEE DEVELOPMENT ENGINEERS RAISES ₹300 CR VIA PREFERENTIAL ISSUE 💰🏭 • 📈 Board approved allotment of 59.76 lakh equity shares at ₹502/share (₹10 FV + ₹492 premium) • 👨‍💼 Promoter Group to subscribe 3.98 lakh shares worth ~₹20 crore • 🏦 Non-Promoter investors to subscribe 55.78 lakh shares worth ~₹280 crore • 🌟 Investors include Kotak Mahindra MF, WhiteOak Capital, Ashoka WhiteOak, ValueQuest, 360 ONE, Enigma Small Opportunities Fund and other institutional investors • 👤 Promoter Krishan Lal Bansal's shareholding to increase from 46.82% to 47.31% • 🚫 No convertible instruments involved 🟢 Impact: Positive (₹300 crore capital infusion strengthens balance sheet, supports growth plans, and participation from marquee institutional investors reflects strong confidence in the company's prospects.)