Veer Global Infraconstruction Board Approves Rights Issue and Debt-to-Equity Conversion
The Board of Directors of Veer Global Infraconstruction Ltd made several key decisions during its meeting held on Monday, June 22, 2026, concerning capital structure and future equity issuance.At the board meeting, the company addressed matters related to planned equity offerings and debt restructuring. The Board took note of the in-principle approval received from BSE Limited regarding a proposed preferential issue of equity shares.
A significant decision made during the session was the approval of allotment of equity shares on a preferential basis. This allocation will be executed through the conversion of loans into equity shares.
Furthermore, the Board approved a plan to raise capital through a Rights Issue of equity shares. The company has authorized this issuance for an amount not exceeding ₹ 15 Crores.
Stock Price Movement
As of the close today, shares of Veer Global Infraconstruction Ltd. settled at ₹145.25, after declining 0.51%. The stock experienced a volatile session, trading during the day between a low of ₹144.00 and a high of ₹145.95.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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