The funds raised through the right issue will be utilized to fund the company's working capital requirements, issue expenses, general corporate purposes among others.
Right issue of the company are offered at a price of Rs. 5.76 per share as compared to the closing share price of Rs. 10.08 per share on November 21, 2024.
Rights Issue will close on December 6, 2024.
The last date for On-market Renunciation of Rights Entitlements is November 29, 2024.
Investors can also buy Rights Entitlements from the market to participate in the company's right issue.
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