Ravindra Energy Board Approves Rights Issue of Equity Shares Aggregating Up to Rs. 2,050 Million
Published on: May 19, 2026, 2:25 a.m. | Source: scanx.trade
Ravindra Energy's Board of Directors, at its meeting on May 16, 2026, approved a rights issue of equity shares of face value Rs. 10/- each at Rs. 101/- per share in a 1:9 entitlement ratio, aggregating up to Rs. 2,050 million. The board also noted a proposal to consolidate the business of Energy In Motion Limited with the company, constituting a Business Strategic Reorganization Committee to evaluate its feasibility, commercial rationale, and overall merits before seeking further board approval.
