06
Sep
Asian Granito India Limited (AGIL), manufacturer of one of India’s leading tiles brand is scheduled to open its Rights Issue on September 23. The funds raised through the Issue will be used to repay/prepay certain outstanding borrowings, meeting working capital requirements for the company’s business activities and for general corporate purposes. Rights issue is offered at a price of Rs. 100 per Share. The Company will issue 2,24,64,188 fully paid-up Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 100 per Equity Share (including a premium of Rs. 90 per Equity Share)…
