Srivari is coming out with right issue, plan to raise 25 crores by issuance of 25 lakhs shares. Thus, I think they will issue rights shares at @ Rs.100 per share, on 3:1 ratio. It will give a much needed capital to the fast growing company, as working capital requirements is increasing with increasing sales.
Record date has not been announced as yet.
SSFL.pdf (338.5 KB)
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