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Gujarat Natural resources' Rs. 48.15 cr rights issue on Dec 12
The Business Guardian
|December 12, 2024
The Rights Issue of Gujarat Natural Resources Limited (BSE: 513536), a leading company in the upstream oil & gas sector in India, will open on December 12 and close on December 20.
Gujarat Natural Resources Limited (GNRL), incorporated on August 23, 1991, is an Indian company that focuses on oil and gas exploration and production. It operates in the upstream part of the industry, concentrating on finding, developing, and producing crude oil and natural gas.
Gujarat Natural Resources aims to raise Rs. 48.15 crore through the Rights Issue by issuing 4,81,50,987 shares at Rs. 10 per share. The issue price is at a sharp discount to Tuesday's closing price of Rs. 17.74 on the BSE.
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