IFL Enterprises to open rights issue for shareholders on June 19
Published on 12/06/2025 06:40 PM
IFL Enterprises to open rights issue for shareholders on June 19The issue will open for subscription for existing shareholders on June 19, and will conclude on June 30, IFL Enterprises informed BSE in a filing.By PTI June 12, 2025, 6:40:39 PM IST (Updated)1 Min ReadAgri commodity trading firm IFL Enterprises said its board has approved to raise up to ₹49.14 crore through a rights issue of equity shares.
The issue will open for subscription for existing shareholders on June 19, and will conclude on June 30, IFL Enterprises informed BSE in a filing.
The record date for determining the eligibility of shareholders for the rights issue is June 13, it added.
”The rights issue comprises 49,14,76,620 fully paid-up equity shares of face value ₹1 each, aggregating to ₹49.14 crore. Proceeds from the issue will be used to strengthen the company’s financial position and support general corporate purposes,” the company, which is involved in import, export and trading of agri commodities, said in a statement.
The capital will be used to enhance operational efficiency and expand service capabilities, it added.
The company in June last year had raised ₹49.53 crore through a rights issue to fund its expansion plans. Its revenue jumped multifold to ₹120 crore in FY 2024-25.Continue ReadingFirst Published: Jun 12, 2025 6:48 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tags