"The Board of Directors of the company at its meeting held on October 20, 2014, inter alia, has approved, in-principle, raising of funds for an amount not exceeding Rs 200 crore through issue of equity shares of the company to its eligible shareholders," the company said in a BSE filing.
In a rights issue, shares are issued to existing investors as per their holding at pre-determined price and ratio.
The company did not specify end use of the funds it plans to raise.
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