Sobha to raise ₹2,000 cr via rights issue; share hits 52-week high
The rights issue comprises up to 12,107,981 partly paid up shares of the face value of ₹10 each at ₹1,651 per share, including a premium of ₹1,641 apiece
The rights issue comprises up to 12,107,981 partly paid up shares of the face value of ₹10 each at ₹1,651 per share, including a premium of ₹1,641 apiece
The company will issue 4.23 crore rights shares at ₹300 per share, a 28.9% discount to the last closing price of ₹421.70 apiece on the BSE.
Despite facing crises on various fronts, BYJU's founder says the start-up is now less than a quarter away from achieving operational profitability
The capital raised through rights issues will be used to establish Grasim as India’s second largest decorative paints player.
Suzlon issued 240 crore partly paid‐up equity shares at a price of ₹5 apiece to the eligible equity shareholders of the company, which was subscribed by 1.8 times.
The funds raised through the rights issue will be used for repayment of a portion of outstanding borrowings and to meet general corporate purposes.
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.