Board approves rights issue to raise up to 30 crores at 15 rupees per share
ONELIFECAP · price
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Onelife Capital Advisors board approved a rights issue of equity shares (face value Rs 10) for up to Rs 30 crores. The ratio is 20,000,000 shares for every 13,360,000 held (about 1.5:1), at Rs 15 per share. Record date will be notified later. The board also approved acquiring equity shares of Family Care Hospitals from a related party promoter, and formed a Rights Issue Committee.
Eligible shareholders will get rights entitlement to buy shares at 15 rupees; potential equity dilution. Funds partly for acquiring FCHL stake.