Rights Issue1 Oct 2026, 05:10 pm
Vaxfab Enterprises Approves Rights Issue Up To ₹45 Crore
AI Summary
Vaxfab Enterprises Ltd announced that its Board of Directors, in a meeting held on October 1, 2026, approved a Rights Issue to raise funds aggregating up to ₹45,00,00,000 (₹45 Crore). The issuance will be for equity shares with a face value of ₹10.00 each. The company also approved the draft Letter of Offer and constituted a Rights Issue Committee to oversee the process. This move is subject to applicable regulatory and statutory approvals.
Key Highlights
- Board approved a Rights Issue to raise funds.
- Total fundraise target is up to ₹45 Crore.
- Equity shares of face value ₹10.00 to be issued.
- A Rights Issue Committee has been formed.
- Subject to regulatory and statutory approvals.
Price Impact
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