Trans India House Impex Secures ₹49.38 Crore Through Rights Issue Allotment
Trans India House Impex, a company listed on Indian stock exchanges, has approved a rights issue allotment of ₹49.38 crore. The board has given the green light for this substantial capital raise, allowing existing shareholders to purchase additional shares. However, specific details such as the issue price, rights entitlement ratio, and intended use of funds have not been disclosed. This rights issue is expected to provide a significant boost to the company's capital base and offer existing shareholders an opportunity to increase their stake.