Investment27 Mar 2026, 05:41 pm
Innovassynth Technologies Approves Rights Issue of Equity Shares Worth ₹ 70,00,00,000
AI Summary
Innovassynth Technologies (India) Limited has approved a proposal to raise funds by way of a rights issue of equity shares. The company will issue equity shares of face value ₹ 10 /- each, for an aggregate amount not exceeding ₹ 70,00,00,000/- (Rupees Seventy Crores only) to the eligible equity shareholders of the Company, as on the record date. The Board has constituted a Rights Issue Committee to decide on the terms and conditions of the Issue.
Key Highlights
- Innovassynth Technologies approves rights issue of equity shares worth ₹ 70,00,00,000
- The issue is open to eligible equity shareholders of the Company, as on the record date
- The Rights Issue Committee will decide on the terms and conditions of the Issue
- The funds will be raised for general corporate purposes
- The proposal is subject to regulatory and statutory approvals