Board approves Rights Issue of equity shares up to Rs. 22 Crores
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Board of OM Metallogic approved a Rights Issue of equity shares (face value Rs. 10 each) up to Rs. 22.00 Crores to eligible shareholders as on a record date to be notified later. The issue price, entitlement ratio, record date, and payment terms will be decided by the Rights Issue Committee and disclosed later, subject to SEBI ICDR Regulations 2018.
Existing shareholders will get a chance to subscribe; terms like price and ratio not yet disclosed. Dilution expected unless fully subscribed.