Rights Issue30 Sept 2026, 07:00 pm
Gravita India Subsidiary to Raise ₹94.81 Cr via Rights Issue
AI Summary
Gravita India Limited announced that its material subsidiary, Rashtriya Metal Industries Limited (RMIL), has received board approval to raise approximately ₹94.81 Crores through a Rights Issue of equity shares. This capital infusion is intended to support RMIL's strategic initiatives. The disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Gravita India's subsidiary RMIL to raise ₹94.81 Cr.
- Capital raised via a Rights Issue of equity shares.
- Funds to support RMIL's strategic initiatives.
- Disclosure made as per SEBI LODR Regulations.
Price Impact
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