Osia Hyper Retail shifts ₹450 cr fundraise to six FPIs
Osia Hyper Retail Ltd has withdrawn its ₹219.99 crore funding plan with Elitecon International Ltd. after EIL declined to subscribe. Instead, six FPIs including Magnifica Global Opportunities VCC and others will invest via preferential issue of 20.45 crore convertible warrants at ₹22 each. The fundraising size has been raised from ₹350 crore to nearly ₹450 crore.