Ducon Infratechnologies Files Draft Letter of Offer for Rights Issue

Ducon Infratechnologies Ltd has submitted a Draft Letter of Offer to the stock exchanges for its proposed Rights Issue. The filing, made pursuant to SEBI regulations, indicates the company is seeking to raise capital through issuing new equity shares to existing shareholders on a rights basis. The Draft Letter of Offer details the terms of the issue, including the ratio of rights shares to existing shares, the issue price, and the total amount to be raised, which is aggregated up to Rs. 25.00 Crores. The company has received in-principle approval from BSE and NSE for the rights equity shares. Investors are advised to review the risk factors before making any investment decisions.