Renaissance Global announced the successful capital raise of Rs 1,63,49,30,850 through a preferential allotment of 1,08,99,539 equity shares at Rs 150 per share. This fundraise strengthens RGL`s balance sheet and positions the company to capitalize on growth opportunities across its global operations.The proceeds from this preferential issue will play a pivotal role in supporting RGL`s growth strategy. The capital will be channeled into core business areas, including investments in new manufacturing units, asset refurbishment, and enhancements to operational capabilities. Additionally, these funds will empower the company to pursue inorganic growth opportunities, such as strategic acquisitions and joint ventures, to accelerate expansion in the foreseeable future. Furthermore, the proceeds will address general corporate purposes, ensuring the seamless execution of RGL`s transformative growth initiativesPowered by Capital Market - Live News

Net profit of Renaissance Global rose 5.88% to Rs 11.17 crore in the quarter ended September 2024 as against Rs 10.55 crore during the previous quarter ended September 2023. Sales declined 6.87% to Rs 411.60 crore in the quarter ended September 2024 as against Rs 441.94 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales411.60441.94 -7 OPM %28.646.89 - PBDT105.6519.80 434 PBT98.2612.15 709 NP11.1710.55 6 Powered by Capital Market - Live News

Renaissance Global will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live News

Renaissance Global will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live News

Net profit of Renaissance Global rose 9.85% to Rs 15.61 crore in the quarter ended June 2024 as against Rs 14.21 crore during the previous quarter ended June 2023. Sales declined 5.99% to Rs 444.83 crore in the quarter ended June 2024 as against Rs 473.18 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales444.83473.18 -6 OPM %8.217.11 - PBDT26.2925.26 4 PBT19.1817.81 8 NP15.6114.21 10 Powered by Capital Market - Live News