ALPHA TRIBE

A B Infrabuild LimitedImportant, 04-03-2025: Updates

04-03-2025 | 06:46 pm

The Right Issue Committee has fixed March 10, 2025, as the record date for determining shareholders eligible to apply for a rights issue of fully paid-up equity shares. The rights issue comprises 1,06,46,489 equity shares at an issue price of Rs. 37.50, totaling approximately Rs. 3,992.43 Cr. Shareholders will receive one equity share for every five shares held as of the record date. The rights issue opens on April 7, 2025, and closes on April 25, 2025, with a last date for market renunciations set for April 15, 2025. This capital raise is intended to support the company’s future growth initiatives, and stakeholders should monitor the developments closely as this could enhance liquidity and financial stability.

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