Raising of funds through the issuance of equity shares of face value ?5/- each by way of Rights Issue for an amount approximately upto ?30 Crores (Rupees Thirty Crores only), through a ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GS Auto International Ltd's board has approved raising funds through a Rights Issue of equity shares with a face value of Rs. 5 each, for an amount of approximately up to Rs. 30 Crores. The headline is truncated, so additional details such as the issue price, record date, purpose of the funds, and timeline are not visible in the available content. The actual BSE filing page returned an error/redirect, so the full document text could not be retrieved for a more detailed summary.
A Rights Issue of up to Rs. 30 Crores will dilute existing shareholders unless they fully participate by subscribing to their entitlement. The impact on the stock price will depend on the issue price relative to the current market price and the stated use of proceeds, which are not visible in the available filing.