The Board of Directors of Wheels India, on Wednesday, approved the preferential issue on a private-placement basis for an aggregate consideration of ₹180 crore.
The board has approved the issue of “an aggregate of up to 12,69,391 equity shares having face value of ₹10 each at an issue price of ₹1,418 per equity share for cash consideration aggregating up to ₹180 crore,” a stock exchange filing said.
The allottees include TSF Investments, Srivats Ram, Nivedita Ram and Gita Ram.
The board also approved seeking shareholders’ approval for enhancement of the fund raising limits approved by the members of the company from ₹400 crore to ₹450 crore.
An EGM on September 17 will seek approval for the issue of ₹180 crore, and an increase in the fundraising limit from ₹400 crore to ₹450 crore.
Published on August 19, 2026
