Infomedia18 Board Approves Rs100 Crore Rights Issue

imageB2B publisher Infomedia18’s board has approved a rights issue to the tune of Rs100 crore, the company has informed the Bombay Stock Exchange. “The pricing, ratio, timings and other terms of the Rights Issue shall be decided by the Rights Issue Committee of the Board of Directors, in consultation with the lead managers to the Rights Issue,” the company said. The board also approved increasing the authorized capital of the company from Rs60 crore to Rs100 crore, subject to shareholder approval.

Comments have been disabled for this post