Announced Mon, 22 Jun · 16:48 IST
Board clears Rights Issue up to Rs 15 Cr and loan-to-equity conversion
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹144.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.3-0.7+0.6+0.7-0.7+1.2-0.1-5.8——
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AI summary
Veer Global Infraconstruction's board, meeting on 22 June 2026, approved three key items. First, it noted BSE in-principle approval for a proposed preferential equity issue. Second, it approved allotment of equity shares on a preferential basis by converting existing loans into equity. Third, it cleared a Rights Issue of equity shares worth up to Rs 15 Crores to raise fresh capital. The meeting ran from 4:00 PM to 4:24 PM.
Likely market impact
Loan-to-equity conversion eases debt burden. Up to Rs 15 Cr Rights Issue may dilute existing shareholders; preferential allotment benefits lenders.