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Shradha Infraprojects Ltd. ( (IN:SHRADHA) ) has issued an announcement.
Shradha Infraprojects Ltd. has announced the approval of allotment of 30,374,088 Rights Equity Shares, each with a face value of ₹2, at a price of ₹40, which includes a premium of ₹38 per share. This move, approved during the company’s fifth board meeting for the fiscal year 2025-2026, results in an increase in the company’s paid-up equity share capital from ₹10,12,46,960 to ₹16,19,95,136. The allotment is part of a Rights Issue aimed at raising capital, which could strengthen the company’s financial position and potentially enhance its market standing.
More about Shradha Infraprojects Ltd.
Average Trading Volume: 66,018
Technical Sentiment Signal: Sell
Current Market Cap: 3.82B INR
See more insights into SHRADHA stock on TipRanks’ Stock Analysis page.