Ushanti Colour Chem Limited — QIP/Rights/Pref., 29-11-2024: Rights Issue

Ushanti Colour Chem Limited has announced a board meeting, during which it approved the allotment of 5,35,000 rights equity shares at an issue price of Rs. 55 each, raising a total of Rs. 2.94 crore. Following this allotment, the paid-up equity share capital of the company increased from Rs. 10.70 crore to Rs. 11.23 crore. This rights issue strengthens the company's capital base and may support future growth initiatives. Shareholders can expect further updates on the utilization of the funds raised through this issuance.