Business Update1 Jun 2024, 06:20 pm
Kridhan Infra Limited Approves Rs. 50 Crores Fund Raising Through Rights Issue
AI Summary
Kridhan Infra Limited, in a recent board meeting on June 01, 2024, has approved a fund raising of up to Rs. 50 Crores through a rights issue. The eligible equity shareholders of the company, as on the record date, will be offered equity shares. The price, terms, and conditions will be decided by the Board or a duly constituted committee, subject to necessary approvals. The meeting was held from 12:00 p.m. to 12:30 p.m.
Key Highlights
- Kridhan Infra Limited has approved a rights issue to raise funds up to Rs. 50 Crores.
- The eligible equity shareholders, as on the record date, will be offered equity shares.
- The price and terms of the rights issue will be decided by the Board or a duly constituted committee.
- The fund raising is subject to necessary approvals.
- The board meeting was held from 12:00 p.m. to 12:30 p.m.