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IFL Enterprises Limited receives approval to raise Rs. 49.14 crore from Rights Issue
NF Times
|June 14, 2025
The Rs. 49.14 crore Rights Issue of IFL Enterprises Limited (BSE -540377), engaged in the agri commodity business including import, export and trading of agri commodities, will open for subscription on June 19, 2025 and remain open till June 30, 2025.
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The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company. Board of directors in the meeting held on June 9 2025 considered and approved the rights issue.
Earlier, Board of directors of the company on 30th December, 2024 and Draft Letter of Offer dated 07th March, 2025 submitted for obtaining 'In Principle Approval' for proposed Right Issue of up to Rs. 50.00 Crores (Rupees Fifty Crores) and 'In Principle Approval' received from BSE Limited vide its letter bearing No. LOD/RIGHT/ KS/FIP/213/2025-26 dated May 19th, 2025.
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