TIL Global Executes Rights Issue, Increasing Promoter Holding in TIL Ltd
TIL Global Private Limited, a promoter group entity, has completed a rights issue of shares in TIL Limited. The acquisition resulted in a significant increase in TIL Global’s shareholding, solidifying its stake in the target company, TIL Limited.The transaction, executed via a rights issue, saw TIL Global acquire shares in TIL Limited, which is listed on the BSE Limited and National Stock Exchange of India Limited.TIL Global Private Limited previously held 4,93,27,433 shares in TIL Limited, representing a 70.12% stake. Through the rights issue, the company acquired an additional 12,09,176 shares, representing 1.14% of the total share capital.The financial...