Rights Issue26 May 2026, 01:52 pm
Carnation Industries Approves Rights Issue to Raise ₹50 Cr
AI Summary
Carnation Industries Ltd's board approved raising funds via a Rights Issue of equity shares with a face value of ₹10 each, for an aggregate amount not exceeding ₹50 Crores. This decision, made during the board meeting on May 26, 2026, aims to achieve the minimum public shareholding threshold and fund the company's business requirements. The board has authorized necessary actions, including appointing intermediaries and obtaining regulatory approvals for the Rights Issue.
Key Highlights
- Carnation Industries to raise up to ₹50 Cr via Rights Issue.
- Rights Issue aims to meet minimum public shareholding norms.
- Board approved the fundraise on May 26, 2026.
- Issue involves fully paid-up equity shares of ₹10 each.
Price Impact
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