Ratnaveer Precision Engineering Ltd Approves Rights Issue to Raise Up To Rs 330 Crores
Ratnaveer Precision Engineering Limited has announced the approval of a rights issue, which is intended to raise up to Rs 330.00 Crores from eligible equity shareholders. The decision was made by the company's Board of Directors during a meeting held on June 11, 2026.The board approved the issuance of fully paid Equity Shares with a face value of Rs. 10.00/- each. This rights issue is planned to be offered exclusively to existing equity shareholders as of a yet-to-be-determined record date.A crucial aspect of the approval includes the formation of a dedicated Committee of Directors, named the 'Rights Issue Committee'. This committee has been...