Minority shareholders are falling in behind billionaire Jim Grenon's board coup.
The S&P/NZX 50 Index closed at 12,209.05, down 40.5 points or 0.33%.
Retail investors took up 42% of the shares offered to them in the capital raise.
The S&P/NZX 50 Index closed at 12,249.55, down 161.42 points or 1.3%.
The money will fund acquisitions and general corporate and working capital purposes.
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