Annvrridhhi Ventures Ltd — Important, 01-11-2025: Company Update
01-11-2025 | 05:43 pm
01-11-2025 | 05:43 pm
Annvrridhhi Ventures' board approved a Rights Issue of 3.78 crore partly paid-up equity shares at ₹10 each. Investors will pay ₹2.50 per share initially, with the balance on future calls. The Rights Entitlement Ratio is 7 new shares for every 3 held. This issue aims to raise up to ₹37.80 crore to fund working capital requirements (₹32.13 crore) and general corporate purposes (₹4.79 crore). Promoter and promoter group intend to fully subscribe to their entitlements. The company specializes in agro-commodities, planning to expand its portfolio. This capital raise is crucial for strengthening its operations and driving future growth in the agri-business sector.
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