The Board of Directors of Vishwaraj Sugar Industries Ltd in its meeting held on Saturday, February 19, 2022 considered the rights issue to raise Rs150 crore.
As per regulatory filing, the Board approved raising of funds by way of offer and issue of equity shares to the existing members of the Company on Rights Basis at such price and right entitlement ratio as may be decided by the Board of Directors, for an amount aggregating up to Rs150 crore, subject to necessary approvals and consents.
On Monday morning trade, Vishwaraj Sugar stocks were trading at Rs21 per piece lower by 2.33% on Sensex.
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