Rajkot Investment Trust Ltd to Raise ₹48 Cr Via Rights Issue

Rajkot Investment Trust Limited's Board of Directors has approved a Rights Issue to raise up to INR 48,00,00,000 (INR 48 Crore). The funds will be raised through the issuance of equity shares to eligible shareholders as of a soon-to-be-determined record date. The board has also approved the Draft Letter of Offer for submission to stock exchanges and has constituted a Rights Issue Committee to finalize terms such as the issue price and ratio. Intermediaries and agencies for the issue have also been approved.