Capital Alliance Finance will raise Rs 116 million by way of a rights issue. The company will issue 7,753,207 ordinary shares at Rs 15.00 each in the ratio of one for every five ordinary shares.
The proceeds of the rights issue will be utilized to increase the working capital of the company. The current stated capital of the entity is Rs 193, 590,566.
The proceeds of the rights issue will be utilized to increase the working capital of the company. The current stated capital of the entity is Rs 193, 590,566.
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