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The Bombay Dyeing and Manufacturing Company Ltd approves rights issue

Posted On : 2022-09-22 20:57:09( TIMEZONE : IST )

The Bombay Dyeing and Manufacturing Company Ltd approves rights issue

The Board of Directors of The Bombay Dyeing and Manufacturing Company Limited has, at its meeting held today i.e. September 22, 2022, considered and approved the fund raising proposal through rights issue.

The board approved proposal for raising of funds, through issuance and allotment of equity shares of face value of Rs.2/- each ("Equity Shares") for an aggregate amount of up to Rs. 940 crores (Rupees Nine Hundred and Forty Crores only), on rights basis on such terms as may be decided by the Board of Directors or a duly constituted committee of the Board to the eligible equity shareholders of the Company, as on the record date (to be notified on a later date), subject to receipt of regulatory/statutory approvals, in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, Listing Regulations and the Companies Act, 2013 and rules made thereunder, as amended from time to time ("Rights Issue") and approved other related matters.

The board approved constitution of a committee of the Board of Directors of the Company for the Rights Issue, namely Rights Issue Committee ("Committee") and authorized the Committee to do all such acts, deeds, things and matters, as it may in its absolute discretion deem necessary, proper, and desirable for the purpose of and in connection with the Rights Issue.

Source : Equity Bulls


TheBombayDyeingandManufacturingCompany FundRaising RightsIssue