The board is meeting on the 27th of Feb to discuss raising authorized capital of the company and raising additional capital by way of preferential issue.
Macfos.pdf (891.5 KB)
The purpose of raising capital is not known. Even in IPO, the whole offering of shares was Offer for sale and no fresh equity was issued by the company. The company appears to be sufficiently financed for its current operations. Let us see what the company announces on 27th.
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