Board approves Rs 30 cr rights issue and FCHL acquisition
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 to existing eligible shareholders. A Rights Issue Committee was formed to decide issue price, entitlement ratio, and record date later. The board also approved acquiring equity shares of Family Care Hospitals from a promoter group member, who is a related party. The Draft Letter of Offer was approved for seeking in-principle approval.
Fund raise may lead to share dilution. Related party acquisition also announced. Key rights issue terms yet to be finalised.