Ratnaveer Precision Engineering Ltd gets In-Principle Approval for ₹330 Cr Rights Issue

Ratnaveer Precision Engineering Ltd has received in-principle approval from both the National Stock Exchange of India Limited and BSE Limited for a proposed Rights Issue. The issue aims to raise up to ₹330 Crores by offering equity shares at a price of [●] per share, with a premium of [●] per share. The approval is subject to the company fulfilling several conditions, including filing the listing application post-allotment, obtaining statutory approvals, and complying with SEBI, RBI, MCA, and exchange regulations. The company has been permitted to use the stock exchanges' names in its Letter of Offer, provided a specific disclaimer clause is included.