Oswal Leasing Ltd board approves rights issue

The Board of Directors of Oswal Leasing Ltd in their Meeting held on today i.e. Thursday, August 12, 2021, have approved to raise funds upto an aggregate value not exceeding Rs. 1 Crore (Rupees One Crore Only), subject to receipt of necessary approvals from statutory, regulatory and other authorities, as applicable by way of issue of equity shares of the Company to its eligible shareholders on a right basis ('Rights Issue') in accordance with the Companies Act, 2013, Securities and Exchange Board of India (ICDR), 2018 as amended from time to time and other applicable laws and regulations. Detailed terms and conditions regarding Right Issue will be announced by the Company in due course.

Source : Equity Bulls

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