Tuni Textile Mills Approves Rights Issue to Raise Up to Rs 49 Crore
Tuni Textile Mills Limited's Board of Directors has approved a rights issue to raise up to Rs 49.00 crore. The issue will comprise equity shares with a face value of Re. 1 each, offered to eligible shareholders on a record date to be determined. Key details such as issue price, rights entitlement ratio, and payment terms are yet to be finalized. The rights issue is subject to necessary statutory and regulatory approvals.