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VIJI Finance Ltd board approves rights issue



Posted On : 2022-11-04 22:21:52( TIMEZONE : IST )

VIJI Finance Ltd board approves rights issue

The Board of Directors of VIJI Finance Ltd at its meeting held on today i.e. Friday 4th November, 2022 has, approved the proposal for fund raising of an amount not exceeding Rs. 49 Crores (Rupees Forty Nine only), through a Right issue to the eligible equity shareholders of the Company as on Record date (to be notified subsequently)("Rights Issue").

The board also approved the constitution of Right 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, right entitlement ratio, timing and terms of payment, appointment of intermediaries and other related matters.

Source : Equity Bulls

Keywords

VIJIFinance RightsIssue FundRaising