Investment25 Feb 2026, 11:30 am
Gravity India Ltd. Approves Rs. 70 Crores Rights Issue
AI Summary
Gravity India Ltd. announced the outcome of its Board Meeting held on February 25, 2026. The Board approved a Rights Issue of equity shares worth up to Rs. 70,00,00,000/- (Rupees Seventy Crores Only) to eligible equity shareholders. The decision is subject to regulatory approvals and will be on such terms and conditions as may be decided by the Board.
Key Highlights
- Gravity India Ltd. approved a Rights Issue of equity shares up to Rs. 70 Crores.
- The Rights Issue is subject to regulatory approvals and will be at a price and right entitlement ratio to be decided by the Board or a Rights Issue Committee.
- The offer will be made to eligible equity shareholders of the Company as on the record date.
- The decision is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013.