IFL Enterprises Limited has announced the opening of its Rights Issue from June 19 to 30. The issue is priced at ₹1 per share for eligible shareholders.
IFL Enterprises Limited, operating in the agri commodity sector including import, export, and trading of agricultural commodities, has announced the opening of its Rights Issue on June 19, 2025. The subscription window will remain open till June 30, 2025.
The Rights Issue has been approved by the Board of Directors in its meeting held on 9 June 2025. The offer is attractively priced, especially for retail shareholders, and involves the issuance of 49.14 crore fully paid-up equity shares of face value ₹1 each, amounting to a total issue size of approximately ₹49.14 crore.
Shareholders eligible for this offer are those holding equity shares as of the Record Date June 13, 2025. They will be entitled to apply for 60 Rights Equity Shares for every 91 fully paid-up equity shares held.
Earlier, the company’s board had considered the proposal in a meeting dated December 30, 2024 and subsequently submitted the Draft Letter of Offer on March 7, 2025 to seek in-principle approval for the proposed Rights Issue of up to ₹50 crore.
The company received approval from BSE Limited via letter number LOD/RIGHT/KS/FIP/213/2025-26 dated May 19, 2025, confirming its readiness to move forward with the issue.
This timeline ensures that eligible investors have ample opportunity to apply or renounce their entitlements in the open market.
The proceeds from the Rights Issue will primarily be used to strengthen the financial position of IFL Enterprises and meet general corporate requirements. The capital infusion is expected to provide operational flexibility and support the company’s continued focus on growth within the agri commodity space.
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As of 11:23 AM on June 16, IFL Enterprises share price was trading marginally lower by 0.90% at ₹1.11.
With all necessary approvals in place and clear timelines announced, the company aims to utilise the proceeds to strengthen its financial position and support ongoing corporate activities. Investors who held shares as of the record date can review the terms and participate within the given window.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jun 16, 2025, 2:33 PM IST
Team Angel One
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