Raconteur Global Resources Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/06/2025 ,inter alia, to consider and approve Preferential Issue ....
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Raconteur Global Resources Ltd has informed BSE that its Board of Directors will meet on 30/06/2025 to consider and approve a Preferential Issue. Preferential issues involve allotting shares or convertible securities directly to selected investors rather than through a public offer. The announcement does not disclose the issue size, pricing, or the identity of proposed allottees. Shareholders will need to wait for further details once the board decision is made.
Preferential issues can lead to dilution of existing shareholders' stakes. The stock may see some movement closer to the board meeting date as investors await specifics on size, price, and investors involved. Watch for further disclosures from the company.