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FUNDRAISE NEUTRAL 6/10
SILGO: Board approves ₹45 Cr Rights Issue, EGM Notice
Silgo Retail Limited's board has approved a rights issue of partly paid-up equity shares to raise up to ₹45 Crores. The face value of each share is ₹10. The funds will be raised from eligible equity shareholders as of the record date, which will be determined later. An Extra Ordinary General Meeting (EGM) will be held, and A Balani & Associates has been appointed as Scrutinizer for the voting process.
Key Highlights
Rights issue up to ₹45 Crores Face value of partly paid-up equity shares: ₹10 each Extra Ordinary General Meeting (EGM) to be held Meeting commenced at 12:00 P.M. and concluded at 01:00 P.M.
💼 Action for Investors Shareholders should monitor the announcement of the record date and rights entitlement ratio for the upcoming rights issue. Review the Draft Letter of Offer (DLOF) once available for detailed information.
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