GVP Infotech Ltd. to Raise ₹240 Million via Rights Issue

GVP Infotech Ltd. has approved an issue of shares aggregating up to ₹240 million on a rights basis. This strategic move aims to strengthen the company's financial position and support its IT infrastructure and e-governance projects. GVP Infotech specializes in designing and deploying IT solutions, including Aadhaar enrollment services. The rights issue will provide existing shareholders an opportunity to increase their holdings at a potentially discounted price, aligning with the company's growth plans.

 

Sources: BSE, NSE, ICICI Direct.