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Arunis Abode Limited's Rights Issue Committee has approved the allotment of 4.80 crore new fully paid-up equity shares to eligible shareholders and renouncees. Each share, with a face value of Rs 10, was issued at Rs 12.60, including a premium of Rs 2.60. This successful rights issue translates to a significant capital infusion of approximately Rs 60.48 crore for the company. This move bolsters Arunis Abode's financial position, providing funds for its operational needs and future growth, which is positive for overall business stability and stakeholder value.