https://www.taxtmi.com/news?id=32459 A rights issue offers existing shareholders tradable entitlements at a fixed subscription price and a stated entitlement ratio, with defined opening, closing and on market renunciation dates; specified promoters have committed to subscribe fully while other promoter group members renounced certain entitlements in favour of those subscribing promoters. The company will issue a stated number of fully paid equity shares at the prescribed face value, and proceeds are earmarked for loan repayment, working capital and general corporate purposes. en-us Sat, 01 Feb 2025 17:31:03 +0530 Sat, 01 Feb 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32459 A rights issue offers existing shareholders tradable entitlements at a fixed subscription price and a stated entitlement ratio, with defined opening, closing and on market renunciation dates; specified promoters have committed to subscribe fully while other promoter group members renounced certain entitlements in favour of those subscribing promoters. The company will issue a stated number of fully paid equity shares at the prescribed face value, and proceeds are earmarked for loan repayment, working capital and general corporate purposes. News - Sat, 01 Feb 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=32459