Announced Wed, 15 Jul · 14:01 IST
Board approves Rights Issue to raise up to Rs 40 crore
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹60.99
prior close
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AI summary
The board approved a Rights Issue of equity shares with face value of Rs 10 each to raise up to Rs 40 crore from existing shareholders. It also approved the Draft Letter of Offer and constituted a Rights Issue Committee. The record date and issue price will be notified later.
Likely market impact
Existing shareholders will get rights to subscribe; terms and record date awaited; may dilute holdings if not fully taken up.