Arunis Abode Ltd — Dividend/Bonus, 23-08-2025: Corp. Action
23-08-2025 | 08:08 pm
23-08-2025 | 08:08 pm
Arunis Abode has announced a Rights Issue of 4.80 crore new equity shares, priced at ₹12.60 each, aiming to raise ₹60.48 crore. Shareholders will receive 16 new shares for every 1 held on the designated record date. The funds will primarily finance two strategic acquisitions: a 100% stake in Prasad Earth Movers Private Limited for ₹49.17 crore and the business of Kalind Earth Movers for ₹10.50 crore. These acquisitions are pivotal for expanding the company's earth-moving equipment and civil works operations. The new shares will carry equal rights with existing shares. The issue opens early next month.
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