Cressanda Solutions Limited to raise Rs. 49.50 crores through rights issue

The Board of Directors of Cressanda Solutions Limited at its meeting held today i.e Friday, January 27, 2027 has considered and approved the proposal for issuance of equity shares of face value of ₹1.00/- (Rupee One Only) for an amount not exceeding ₹ 49,50,00,000/- (Rupees Forty Nine Crore Fifty Lakhs Only) through a Rights Issue, to the eligible equity shareholders of the Company as on Record date (to be notified subsequently), in accordance with applicable laws (hereinafter referred to as 'Rights Issue').

The board approved constitution of the Rights Issue committee to proceed with the Rights issue and, decide the other terms and conditions of the Rights Issue, including deciding on the record date, determining the rights issue price, rights entitlement ratio, appointment of intermediaries and other related matters.

Shares of CRESSANDA SOLUTIONS LTD. was last trading in BSE at Rs. 30.20 as compared to the previous close of Rs. 30.30. The total number of shares traded during the day was 981370 in over 1124 trades.

The stock hit an intraday high of Rs. 31.60 and intraday low of 30.05. The net turnover during the day was Rs. 30072246.00.

Source : Equity Bulls

Keywords

CRESSANDASOLUTIONS INE716D01033 RightsIssue FundRaising