Board approves proposal to raise up to Rs 200 Crores
IZMO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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IZMO Limited's board has approved a proposal to raise funds of up to Rs 200 Crores through the issue of equity shares or other securities. The mode of issuance, pricing, timing and other terms have not been decided yet and will be finalised later. The proposal is subject to regulatory and statutory approvals. Further details will be disclosed once the board takes final decisions.
Likely dilution for existing shareholders. The vague nature may cause short-term uncertainty until the company reveals pricing and mode details.