16/6/2024, 6:21:02 pm

Seacoast Shipping Services: Board announced rights issue worth Rs 49 crore!

Seacoast Shipping Services Board of Directors considering raising up to Rs 49 cr by issuing new Re 1 face-value shares to existing shareholders through rights offering. A committee will decide the specifics like number of shares per shareholder, price, timeline & any intermediaries. This follows the Board approving the company's financial statements and a draft offer letter for the rights issue.