Covidh Technologies Ltd has announced a rights issue of equity shares to raise up to Rs 80.9 million, aimed at bolstering its working capital and funding technology upgrades.
Key highlights:
- Rights issue open to existing shareholders
- Proceeds to support operational expansion and product development
- Offer terms, entitlement ratio, and record date to be disclosed shortly
- Strategic move to strengthen financial flexibility and execution capacity
The company expects improved liquidity and enhanced delivery capabilities post-issue.
Sources: Bombay Stock Exchange Filings, Covidh Technologies Ltd Corporate Announcements, Economic Times Technology Desk, Business Standard Capital Markets Tracker