Interactive Financial Services Plans ₹62 Cr Rights Issue

Interactive Financial Services Limited announced its Board of Directors has approved a proposal to raise funds up to ₹62 crore through a Rights Issue. The issuance will consist of fully paid-up equity shares with a face value of ₹10 each, offered to eligible equity shareholders on a rights basis. The detailed terms, including issue price, entitlement ratio, and dates, will be determined and announced later. This move is in compliance with SEBI regulations and aims to strengthen the company's capital base.