Investment27 March 2026 at 04:07 pm
Innovassynth Technologies Plans ₹ 70 Crores Rights Issue
AI Summary
Innovassynth Technologies (India) Ltd has announced a proposal for raising funds by way of a rights issue of equity shares. The company plans to issue equity shares of face value ₹ 10 each, for an aggregate amount not exceeding ₹ 70,00,00,000 (Rupees Seventy Crores only) on a rights issue basis to the eligible equity shareholders of the Company. The Board has constituted a Rights Issue Committee to decide on the terms and conditions of the Issue.
Key Highlights
- Innovassynth Technologies plans to raise funds through a rights issue of equity shares.
- The company plans to issue equity shares worth ₹ 70,00,00,000 (Rupees Seventy Crores only) on a rights issue basis.
- The rights issue is open to eligible equity shareholders of the Company.
- The Board has constituted a Rights Issue Committee to decide on the terms and conditions of the Issue.
- The funds raised will be subject to applicable regulatory and statutory approvals.