Vishvprabha Ventures Ltd board approves rights issue

The board of directors of Vishvprabha Ventures Ltd at its meeting on Thursday, November 12, 2020 have approved the issuance of equity shares (fully paid-up or partly paid-up) on rights basis to eligible shareholders of the Company as on the record date (to be decided subsequently) for an aggregate amount not exceeding Rs.4.41 crores (Rs. Four Crores Forty one lakhs only) (the"Issue").

The Board appointed Fedex Securities Private Limited as the lead manager to the Issue and constituted a Committee of Directors (Rights Issue) to decide the other terms and conditions of the Issue including the record date.

Further the final issue size amount shall be decided by the "Committee of Directors." (RightsIssue)

Source : Equity Bulls

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