Rights Issue17 Apr 2026, 04:25 pm
Onix Solar Energy Ltd Board approves ₹130 Cr Rights Issue
AI Summary
Onix Solar Energy Ltd's Board of Directors, in a meeting held on April 17, 2026, approved a fundraise through a rights issue of equity shares. The company plans to issue equity shares with a face value of ₹10 each, aiming to raise an aggregate amount not exceeding ₹130 Crore. A 'Right Issue Committee' has been authorized to finalize all detailed terms and conditions of the issue, including the record date and the number of equity shares to be issued. The company has also appointed various intermediaries for the proposed rights issue, which remains subject to necessary regulatory and statutory approvals.
Key Highlights
- Board approved a rights issue to raise up to ₹130 Crore.
- Equity shares with ₹10 face value will be offered.
- A committee will finalize the detailed terms and conditions.
- Intermediaries for the rights issue have been appointed.