Investment27 Mar 2026, 05:41 pm
Innovassynth Technologies Approves Rs. 70 Crores Rights Issue
AI Summary
Innovassynth Technologies (India) Limited has 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 was made at a Board of Directors meeting on March 27, 2026. The Rights Issue Committee will decide on the terms and conditions, including the final issue size, rights entitlement ratio, issue price, record date, and timing of the Rights Issue.
Key Highlights
- Innovassynth Technologies approves a rights issue of equity shares worth up to Rs. 70 Crores.
- The decision was made at a Board of Directors meeting on March 27, 2026.
- The Rights Issue is for eligible equity shareholders only.
- The Rights Issue Committee will decide on the terms and conditions of the Issue.
- The issue is subject to regulatory and statutory approvals.