Asian Granito India Rights Issue 2022 FAQ's

Asian Granito India Rights Issue 2022 price is set at ₹63 per Share. The Asian Granito India Rights Issue 2022 opens on April 25, 2022, and closes on May 10, 2022, for the subscription.

The allotment of Asian Granito India Rights Issue 2022 is expected to happen on or about May 19, 2022 as per the issue schedule.

Asian Granito India Rights Issue 2022 expected to list on or around May 24, 2022.

The credit of Asian Granito India Rights Issue 2022 in Demat account is expected on or about May 20, 2022 as per the issue schedule.

The company proposes to utilize the Net Proceeds towards funding of the following objects:

1. Funding the capital expenditure for setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the Company.
2. Funding the working capital requirements of the Proposed Projects, post commencement of commercial production.
3. Funding the capital expenditure for setting up of display centre to showcase the entire range of products and capabilities.
4. General corporate purposes.