Hatsun Agro Product Ltd to raise Rs. 400 crores through rights issue

The Board of Directors of Hatsun Agro Product Limited at its meeting held today, i.e., 19th September, 2022, has considered and approved, subject to receipt of relevant approvals from the regulatory authorities, as may be required, issue of Equity Shares by way of a Rights Issue to the existing shareholders of the Company on a record date for an amount not exceeding Rs.400 Crores (Rupees Four Hundred Crores Only) in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and all the other applicable laws.

The Board also approved the formation of a Committee of Directors for the said Rights Issue and authorized it to decide the terms and conditions of the Rights Issue including, the rights entitlement ratio, the issue price, timing of the issue, record date and all other matters related and incidental to the Rights Issue in consultation with the lead manager to the Rights Issue.

Source : Equity Bulls

Keywords

HatsunAgroProduct FundRaising RightsIssue INR400Crores