Websol Energy System board nods rights issue to raise Rs50cr

2 Feb 2022 , 01:46 PM

Websol Energy Systems Ltd has informed that at the meeting of Board of Directors held today, the Board has discussed and approved raising  of funds through issue of equity shares of Rs10 each on rights basis to existing shareholders of the Company as on a record date to be determined by the Board / Committee at an appropriate time, for an aggregate amount not exceeding Rs50cr subject to necessary approvals and consents as may be required.

The board has constituted a Rights Issue Committee to decide on the terms and conditions of the Issue, record date and all the other incidental matters in consultation with the Lead Manager.

At around 1:45 PM, Websol Energy System was trading at Rs143.80 apiece up by Rs1.1 or 0.77% against previous closing of Rs142.70 apiece on the BSE.