Board Meeting16 Nov 2023, 10:01 pm
DCX Systems Limited to Raise Up to ₹5000 Million in Funds
AI Summary
The Board of Directors of DCX Systems Limited has approved the raising of funds up to ₹5,000 million in one or more tranches, subject to shareholder and regulatory approvals. The funds will be raised through a combination of public issue, preferential issue, rights issue, private placement, and qualified institutions placement. The company has constituted a Fund-Raising Committee to decide the terms and conditions of the proposed fund raise.,
Key Highlights
- Fund raising of up to ₹5,000 million
- Subject to shareholder and regulatory approvals
- Combination of public issue, preferential issue, rights issue, private placement, and qualified institutions placement
- Constitution of Fund-Raising Committee