Intellect Design Arena Ltd approves Rights Issue

The Board of Directors of Intellect Design Arena Ltd at its meeting held on November 03, 2016, have considered and approved the raising of funds by way of equity shares to the existing shareholders of the Company on a right basis (Rights Issue) subject to all applicable statutory and regulatory approvals. The terms and conditions of the Rights Issue including the timing of issue, quantum of offer, issue price, rights entitlement ratio, record date and other matters shall be decided in consultation with the Lead Manager to the Rights Issue.

The meeting commenced at 11:30 a.m. and concluded at 01:30 p.m.

Source : Equity Bulls

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