Final call on partly paid rights issue & revised use of funds
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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BCC Fuba India Ltd has approved the first and final call money notice on the partly paid-up shares issued under its earlier rights issue, asking shareholders to pay the remaining balance. The board has also approved a change in the stated objects of the rights issue, meaning the company will now use the proceeds for a different purpose than originally disclosed.
Shareholders must pay the balance amount on partly paid rights shares by the due date or risk forfeiture. The change in objects may affect how effectively the funds are deployed.