Agarwal Float Glass India Ltd Announces Rights Issue to Raise up to ₹150 Million

Agarwal Float Glass India Ltd has announced making plans to perform a rights issue to raise the amount of ₹150 million. This is just one of the company's planned moves to secure its financial capability and finance subsequent growth plans. Agarwal Float Glass India deals in trading glass and customized glass products, sourcing quality product from producers and selling them to clients nationwide. The issue of rights will give existing shareholders a chance to boost their shareholding in the company at a fixed price. The fund-raising drive will help increase the operational efficiency of the company and its market share in the glass trading industry.

Source: Business Standard