DCW Ltd has informed BSE that the Board of Directors of the Company (Board) at its meeting held on May 22, 2018, inter alia, considered and approved the following:
- Raising of funds for the Company by way of issue of shares to the existing equity shareholders of the Company on a rights basis aggregating up to INR 80 crores (Rights Issue),in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and all other applicable laws, subject to such statutory and regulatory approvals.
The Board has also constituted a Rights Issue Committee and authorised it to decide the terms and conditions of the Rights Issue including the nature of security, issue size, issue price, timing of the issue, rights entitlement ratio, record date and all other matters related and incidental to the Rights Issue in consultation with the lead manager to the Rights Issue.
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