Try GOLD - Free
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.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Nearly half of Indian enterprises now running multiple GenAI use cases
Nearly half of Indian enterprises (47 per cent) now have multiple Generative AI (GenAI) use cases live while 23 per cent are in pilot stage, marking a decisive shift from pilots to performance, as per a latest EY-CII report.
1 mins
November 17, 2025
The Business Guardian
3 dead, 9 workers still trapped in UP mine collapse
Three workers were found dead after a stone mine collapsed at Billi Markundi in Uttar Pradesh's Sonbhadra on Saturday. While two of the deceased were found on Sunday, one was confirmed dead on the day of the incident itself.
2 mins
November 17, 2025
The Business Guardian
Rupee bottomed out after being worst EM performer in 2025
India’s currency rupee, may finally have bottomed out after a persistent weakness, according to Jefferies. In its latest GREED & fear report, the global financial services firm highlighted a “growing likelihood that the rupee has bottomed” following its months-long depreciation.
1 mins
November 17, 2025
The Business Guardian
Industry must invest in consent, embed data protection
The industry must now prioritise investments in consent, embedding data protection as a core element of digital operations rather than treating it as an expense, said experts in reaction to the government’s notification of the Digital Personal Data Protection Act, a move seen as a decisive shift toward a “Trust Economy.”
2 mins
November 17, 2025
The Business Guardian
INDIA'S FOREX RESERVES DROP FURTHER
The RBI data showed that gold reserves currently stand at USD 101.531 billion, down USD 195 million from the previous week.
2 mins
November 17, 2025
The Business Guardian
India’s retail market set for $1 trillion leap by 2030
India’s consumption story is entering a transformative decade, with the retail market on track to reach USD 1 trillion by 2030, driven by rising disposable incomes, rapid digital adoption and a widening aspirational class, according to a recent report by venture capital firm, Fireside Ventures.
1 mins
November 17, 2025
The Business Guardian
HARDEEP SINGH PURI VISITS HANWHA OCEAN'S SHIPBUILDING FACILITY IN SOUTH KOREA
Hardeep Singh Puri, Minister of Petroleum and Natural Gas, visited the sprawling shipbuilding facility of Hanwha Ocean in Geoje, South Korea.
1 mins
November 17, 2025
The Business Guardian
Union Minister Jitin Prasada Inaugurates 'Ramalaya' Experience
In a landmark moment celebrating India’s cultural heritage and luxury craftsmanship, the Ramalaya Experience Centre at the Uttar Pradesh Pavilion was inaugurated today by Shrijitin Prasada, Union Minister of State for Commerce & Industry, in the distinguished presence of Shri Durga Shanker Mishra, Former Chief Secretary, Government of Uttar Pradesh.
1 min
November 17, 2025
The Business Guardian
HOW CM BHAJAN LAL SHARMA USING A CEO-STYLE PLAYBOOK TO REPOSITION RAJASTHAN AS NEW INVESTMENT HUB
For the majority of Indians, Rajasthan conjures up pictures of havelis illuminated by desert sunsets, forts rising out of golden plains, and gemstone marketplaces in ancient quarters.
4 mins
November 17, 2025
The Business Guardian
FROM LITERACY TO LIVELIHOODS: TESTING KERALA’S CLAIM OF ‘ERADICATING EXTREME POVERTY’
On 1 November 2025, Kerala's Chief Minister Pinarayi Vijayan stood in a special session of the Legislative Assembly and declared that his state had rid itself of extreme poverty.
8 mins
November 17, 2025
Listen
Translate
Change font size