Igc Industries Ltd Rights Issue (Igc Industries Rights Issue 2024) Detail

Rights Issue Timetable

Incorporated in 1980, Igc Industries Ltd. is a trader/exporter, agent, representative, dealer, producer, stocker, importer, or distributor of various commodities.

The company also manufactures, processes, imports, exports, buys, sells, and deals in various fibers, fabrics, textiles, and hosiery goods made from cotton, etc.

The company also deals in all kinds of metals, plastics, melamine, aluminum, steel, aluminum foil, and aluminum raw materials and products.

IGC Industries Limited, based in Kolkata, specializes in trading agro commodities with a strong focus on the local market. An experienced management team leads the company and primarily operates offline, dealing with prominent merchants in the region.

IGC Industries specializes in loose packaging and offers organic fennel seed, organic jeera (cumin), cotton, and turmeric.

As of August 2024, the company has 3 permanent employees.

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.