Venus Pipes & Tubes Completes ₹71.4 Crore Equity Infusion

Venus Pipes & Tubes Ltd. has successfully completed its ₹71.4 crore equity infusion by converting 4,20,000 warrants into equity shares at ₹1,700 each. This final tranche marks the completion of the preferential issue announced in February 2024. The funds will support the company's expansion plans and enhance its operational capabilities. Following the announcement, Venus Pipes' share price rose approximately 4%, reflecting investor confidence in the company's growth trajectory.