Vishwaraj Sugar Industries board approves rights issue to raise Rs. 150 crores

The Board of Directors of Vishwaraj Sugar Industries Ltd in its meeting held on Saturday, February 19, 2022 considered and approved raising of funds by way of offer and issue of equity shares to the existing members of the Company on Rights Basis ("Rights Issue") at such price and right entitlement ratio as may be decided by the Board of Directors, for an amount aggregating up to Rs. 150/- Crores (Rupees One Hundred Fifty Crores only), subject to necessary approvals.

The board also approved appointment of various intermediaries for the aforesaid Rights Issue.

Source : Equity Bulls

Keywords

VishwarajSugarIndustries FundRaising RightsIssue