Fiberweb (India) Limited — QIP/Rights/Pref., 10-02-2025: Rights Issue

Fiberweb (India) Limited has approved a rights issue to raise funds, offering up to ₹ 40 Crore through the issuance of approximately 86,37,513 equity shares with a face value of ₹ 10 each on a rights basis. The entitlement ratio is set at 3 shares for every 10 shares held, with specific details on the record date and issue price to be determined later. The proceeds from this initiative are expected to support ongoing projects, including expansion into biodegradable spunlace fabric production. Key appointments for the rights issue include KDA Strategic Advisors as exclusive strategic advisors and Mark Corporate Advisors as lead manager.