StockWatch
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Non Banking Financial Company (NBFC)
Rights Issue2 Nov 2026, 06:21 pm

Rajkot Investment Trust Ltd Approves Rights Issue Up to ₹48 Cr

AI Summary

Rajkot Investment Trust Limited's Board of Directors has approved a Rights Issue to raise up to INR 48,00,00,000 (Indian Rupees Forty-Eight Crore Only). The issue will be made to eligible equity shareholders as of a Record Date, which will be notified later. The board also approved the Draft Letter of Offer for submission to stock exchanges, the constitution of a Rights Issue Committee to finalize terms like price and ratio, and the appointment of necessary intermediaries. The meeting was held on November 02, 2026.

Key Highlights

  • Board approved Rights Issue to raise up to ₹48 Crore.
  • Issue to be made to eligible equity shareholders.
  • Draft Letter of Offer approved for stock exchange submission.
  • Rights Issue Committee to finalize terms and record date.
  • Company aims to raise funds through equity share issuance.