Innovassynth Technologies to Raise Up To ₹ 70 Crore Through Rights Issue to Shareholders
Innovassynth Technologies (India) Ltd, formerly Innovassynth Investments Limited, has announced plans to raise capital through a Rights Issue to its eligible equity shareholders.The company's Board of Directors, in a meeting held on March 27, 2026, approved the offer and subsequent issuance of fully paid-up equity shares. This Rights Issue is slated to aggregate up to ₹ 70,00,00,000 (Rupees Seventy Crores only).
The Board approved the mechanism for distributing these equity shares via a Rights Issue to the existing equity shareholders of the company.
In connection with this capital raise, the Right Issue Committee of Innovassynth Technologies (India) Limited is scheduled to meet on April 23, 2026. During this committee meeting, the company will discuss and decide various specific terms related to the Rights Issue. These matters include the determination of the Rights Issue price and the related payment mechanism, the rights entitlement ratio, fractional entitlement, and the record date and timing of the overall Rights Issue.
Stock Price Movement
At the close of trade today, Innovassynth Technologies (India) Ltd settled at ₹78.41 on Monday, retreating 1.16%. Throughout the session, shares fluctuated, trading between an intraday low of ₹76.69 and a high of ₹80.00.Source:
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