Deepak Fertilisers & Petrochemicals Corporation Ltd has informed BSE that the Board of Directors at their meeting held on May 25, 2020, have considered and approved raising of funds by way of issue of equity shares to the existing equity shareholders of the Company on rights basis (Rights Issue) for an issue size of upto Rs. 180 crore.<BR><BR>Further, the Board constituted Rights Issue Committee has been authorised to decide the pricing of the issue, ratio, record date, appointment of monitoring agency, advertising agency and other things as may be required in accordance with the applicable laws.<BR><BR>The promoter and promoter group of the Company have confirmed they will subscribe to the full extent of their aggregate rights entitlement.
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