D&H India Proposes Rights Issue to Fuel Growth

In a significant development, D&H India Ltd has revealed its board’s proposal for a rights issue, offering 2 million shares at ₹120 per share. The initiative is designed to bolster the company’s financial strength and provide existing shareholders an opportunity to increase their stake at a favorable price.

Key Highlights

• Rights Issue Size: 2 million shares proposed at ₹120 each.
• Capital Infusion: The issue is expected to generate fresh funds to support expansion and operational needs.
• Shareholder Opportunity: Existing shareholders will benefit from preferential rights to subscribe, reinforcing investor confidence.
• Strategic Intent: The move underscores the company’s focus on long-term growth, sustainability, and strengthening its balance sheet.
• Market Context: Rights issues remain a preferred route for companies seeking to raise capital while maintaining shareholder trust.

This proposal reflects D&H India’s proactive approach to capital management and its commitment to creating value for stakeholders in a competitive market environment.

Sources: Reuters, Economic Times, Moneycontrol