At meeting held on 13 January 2017
Intellect Design Arena announced that the Board of Directors of the Company at its meeting held on 13 January 2017 approved the following -a) Raising of funds by way of issue of equity shares to the existing shareholders of the company on a rights basis (Rights Issue) upto Rs. 200 crore, subject to all applicable Statutory and Regulatory approvals
b) Adoption of Re-stated financial statements for the last five years
c) Stub-period financials for the half year ended 30 September 2016
d) Taking on record Draft Letter of Offer (DLOF) to be filed with SEBI.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
