Rose Merc Board Approves Warrants, Subsidiary Restructuring

Rose Merc Limited allotted 3,55,723 convertible warrants at Rs. 90 each to 13 promoter and non-promoter investors, raising Rs. 80.03 lakh (25% upfront).
The company restructured its subsidiary portfolio: Rahi Pakhle RM Private Limited and Kaale and Rose Merc Advisors Private Limited are being reclassified from subsidiaries to associate companies.
Rose Merc acquired a 48% stake in Abaca Care Private Limited for Rs. 48,000, making it a subsidiary engaged in homeopathy pain relief products.
Vikas Phadnis, co-founder of EuroKids/Lighthouse Learning Group, was appointed as Advisor – Strategy and Growth at Rose Merc Limited.