Innovassynth Technologies Announces Proposed Rights Issue of Up to ₹70 Crores
Innovassynth Technologies (India) Ltd. announced on Friday, March 27, 2026, that its Board of Directors has approved a proposal to raise funds through a rights issue. The company intends to issue equity shares with a face value of ₹10 each to eligible shareholders on a record date to be announced later.The rights issue aims to raise an aggregate amount not exceeding ₹70,00,00,000 (Rupees Seventy Crores). The issue price and other terms and conditions will be determined by the Board.
To facilitate the rights issue, Innovassynth Technologies has formed a Rights Issue Committee, which will be responsible for finalizing key details including the issue size, rights entitlement ratio, issue price, record date, and timing.
Details regarding the proposed rights issue are presented below:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Equity Shares |
| Type of issuance | Rights Issue |
| Total amount (approximately) | Not exceeding ₹ 70,00,00,000 (Rupees Seventy Crores) |
| Cancellation or termination of proposal | Not Applicable |
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