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Omkar Speciality Chemicals board approves Rs50cr fund raise via rights issue

The current market cap of the company is Rs47.23cr.

October 25, 2021 11:37 IST | India Infoline News Service
Stock Market Trader, Stock Trader, Trading
Omkar Speciality Chemicals Ltd has informed to the exchanges regarding fund raising plan of the company.

The Board has approved raising of funds up to an aggregate amount not exceeding Rs50cr from statutory, regulatory and other stakeholders on right basis ("Rights Issue").

Further, as per regulatory filing, the detailed terms in relation to the rights issue, including but not limiting to the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course.

At around 11:36 AM, Omkar Speciality Chemicals was trading at Rs21.85 apiece down by Rs1.1 or 4.79% from its previous closing of Rs22.95 apiece on the BSE.

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