Praxis Home Retail Approves Rights Issue of ₹550 Cr

Praxis Home Retail Limited's Board of Directors has approved a proposal to raise funds through a Rights Issue. The company plans to issue equity shares with a face value of ₹5 each, aiming to raise an aggregate amount of up to ₹5,500.00 lakhs (₹550 crore). The specific terms of the issue, including the record date and number of shares, will be decided by a duly constituted committee of the Board at a later date. This move is subject to obtaining necessary regulatory and statutory approvals.