New Delhi, BGR Energy Systems on Thursday said its board has approved a proposal to raise up to Rs 1,000 crore through a rights issue.
According to a regulatory filing, at its meeting held on Thursday, the company's board has decided to increase its authorized share capital from Rs 100 crore to Rs 1,700 crore and make changes to its memorandum of association, subject to the approval of shareholders.
The filing said the board has also approved the issue of equity shares of face value of Rs 10 each of the company to eligible equity shareholders of the company through rights issue for an aggregate amount, including premium, not exceeding Rs 1,000 crore. Will happen.
According to a regulatory filing, at its meeting held on Thursday, the company's board has decided to increase its authorized share capital from Rs 100 crore to Rs 1,700 crore and make changes to its memorandum of association, subject to the approval of shareholders.
The filing said the board has also approved the issue of equity shares of face value of Rs 10 each of the company to eligible equity shareholders of the company through rights issue for an aggregate amount, including premium, not exceeding Rs 1,000 crore. Will happen.