Falcon Technoprojects India Approves Rights Issue to Raise Funds of Up To 23.14 Crores
Falcon Technoprojects India Limited has approved a plan to raise funds through a Rights Issue, following a decision made by its Board of Directors on Monday, June 29, 2026. The approval concerns the issuance of equity shares intended to raise up to Rs. 23.14 Crores.The company's Board meeting reviewed and sanctioned the Draft Letter of Offer (DLOF) for this fundraising effort. The rights issue involves issuing equity shares with a face value of ₹10/- each. The funds raised are designated for the needs of Falcon Technoprojects India Limited.
The issuance is targeted at eligible equity shareholders as of the record date, which will be determined and subsequently notified by the company. The successful completion of this fundraising initiative remains contingent upon receiving all necessary statutory and regulatory approvals, including those specified under applicable SEBI regulations.
FALCONTECH Stock Price Movement
Falcon Technoprojects India Limited shares edged higher to close at ₹11.35 today, gaining 0.44%. The stock saw a traded volume of 18,000 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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