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- Important
- Financial Update
- Fund Raise
- Board Meeting
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Zodiac JRD-MKJ's board has approved a proposal to raise funds through a Rights Issue of equity shares. The company plans to raise up to Rs. 400 Crore, inclusive of any premium. This fundraising initiative offers existing shareholders the opportunity to subscribe to new shares. The board has also delegated authority to a Rights Issue Committee to finalize the terms and conditions. This move is crucial for strengthening the company's financial position and supporting future business initiatives.