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IFL Enterprises' Rs 49.15 Cr Rights Issue Opens, Renunciation Ends June 25
The Business Guardian
|June 26, 2025
The Rs. 49.15 crore Rights Issue of IFL Enterprises Limited (BSE - 540377), engaged in the agri commodity business including import, export and trading of agri commodities, has opened for subscription on June 23, 2025 and will remain open till June 30, 2025.
The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company.
The last date for On-Market Renunciation of REs is Wednesday, June 25, 2025.
Highlights: Share in Rights Issue attractively priced at Rs. 1 per share; Rights shares finalised in the ratio of 60 Rights Equity Shares for every 91 fully paid-up equity shares held; Last date for On-Market Renunciation is June 25, 2025, with Record Date fixed as June 13, 2025.
Company registered Rs. 2.99 crore Net Profit, a 254% Y-o-Y rise & 13-fold revenue rise to Rs. 120.60 crore in FY25.
The Rights Issue comprises 49,14,76,620 fully paid-up Equity Shares of face value Rs. 1 each, aggregating to Rs. 49.15 crore. Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes.
This story is from the June 26, 2025 edition of The Business Guardian.
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