The Board of Directors of the Company in their Meeting held on today i.e. April 05, 2025, has considered and approved Draft letter of offer for the purpose of Right Issue.
Price
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The Board of Directors of U. H. Zaveri Ltd, in a meeting held on April 5, 2025, approved the Draft Letter of Offer for a proposed Rights Issue. A Rights Issue allows existing shareholders to buy additional shares of the company in proportion to their current holdings, usually at a discounted price. The specific terms such as the issue price, ratio, or total size of the Rights Issue have not been disclosed in this announcement.
Shareholders should watch for further announcements detailing the rights ratio, issue price, and record date. Rights Issues dilute existing shareholdings if not fully subscribed, and the terms (especially the discount to market price) will determine whether the issue is attractive to current investors.