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Sarveshwar Foods Ltd. ( (IN:SARVESHWAR) ) has shared an update.
Sarveshwar Foods Limited has announced a rights issue of up to 24,99,10,469 equity shares at a price of ₹6 per share, aggregating up to ₹14,994.63 lakhs. This initiative aims to raise capital by offering existing shareholders the opportunity to purchase additional shares in a 12-for-47 ratio. The announcement, compliant with SEBI regulations, was publicized in major newspapers, detailing the subscription process, allotment basis, and other relevant information. This move is expected to strengthen the company’s financial position and support its growth strategies.
More about Sarveshwar Foods Ltd.
Sarveshwar Foods Limited operates in the food industry, primarily focusing on the production and distribution of rice and related food products. The company is based in Jammu, India, and is known for catering to both domestic and international markets with its diverse range of rice offerings.
Average Trading Volume: 1,116,845
Technical Sentiment Signal: Buy
Current Market Cap: 9.31B INR
See more data about SARVESHWAR stock on TipRanks’ Stock Analysis page.