Investment25 Feb 2026, 11:37 am
Gravity India Ltd. Approves Rs. 70 Crores Rights Issue
AI Summary
Gravity India Ltd. announced its decision to raise funds through a rights issue of equity shares worth up to Rs. 70 Crores. The Board of Directors approved the issuance and allotment of equity shares with a face value of INR 10.00 each to the existing equity shareholders of the Company. The record date and the price for the rights issue are yet to be decided.
Key Highlights
- Gravity India Ltd. to raise funds through a rights issue of equity shares.
- The proposed rights issue is worth up to Rs. 70 Crores.
- The equity shares will have a face value of INR 10.00 each.
- The rights issue is intended for the existing equity shareholders of the Company.
- The record date and the price for the rights issue are yet to be decided.