Igc Industries Rights Issue 2024 FAQ's

Igc Industries Rights Issue 2024 price is set at ₹13 per share. The Igc Industries Rights Issue 2024 opens on Mon, Nov 4, 2024, and closes on Mon, Nov 18, 2024, for the subscription.

The allotment of Igc Industries Rights Issue 2024 is expected to happen on or about November 21, 2024 as per the issue schedule.

The credit of Igc Industries Rights Issue 2024 in Demat account is expected on or about November 25, 2024 as per the issue schedule.

Objects of the Issue:

The Objects of the Issue are: -

1. Working Capital requirements;
2. General Corporate Purposes and
3. To purchase and acquire the equity shares or other securities of other companies for the purpose as follows:

• Establishing new Business through: creating subsidiaries or wholly owned subsidiaries, forming associate companies, and entering into joint ventures.
• Exploring Business Opportunities: Expanding the business by acquiring other companies through the purchase of equity shares from existing shareholders or through other means.
• Investing in Financial Instruments: Dealing in and investing in shares, debentures, and other securities as part of the strategic business expansion. This Object of fund raising is to explore and expand business opportunities through strategic acquisitions and investments.