Jyoti Structures Limited announced today, November 22, 2024, that its board has approved raising up to Rs 500 crore through a rights issue of equity shares. This move is aimed at strengthening the company’s financial position and supporting its strategic initiatives.
Key Highlights:
- Fundraising Method: Rights issue of equity shares to eligible shareholders as of the record date, which will be notified later.
- Compliance: The issue will be in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013, and other applicable laws.
- Terms & Pricing: Details regarding the price, terms, and conditions will be decided by the board or a designated committee subject to necessary regulatory approvals.
This rights issue reflects the company’s commitment to enhancing shareholder value while ensuring compliance with all legal and regulatory frameworks.
