Tuni Textile Mills Ltd has announced a fully paid-up rights issue of 48.98 Cr equity shares of face value ₹1 each, aggregating to ₹48.98 Cr.

Eligible shareholders will receive 15 rights equity shares for every 4 existing equity shares held.

The rights issue price is set at ₹1 per share.

This capital raise impacts existing equity dilution and provides current shareholders an opportunity to expand their stake in the company proportional to their existing holdings.